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Greenwood EDC hears warnings of revenue hit; plans to keep 2026 budget flat
Summary
Commissioners were told property tax changes will reduce municipal revenue in 2026 and discussed keeping the Greenwood EDC budget flat, with a $5,000 promotional allocation and potential deeper cuts in 2027.
City staff told the Greenwood Economic Development Commission that recent property tax reports will reduce revenue streams in 2026, and the commission’s intention is to keep its fiscal year 2026 budget flat.
“Our intention for the EDC budget is to remain flat for, for fiscal year 2026, keeping the promotional budget at 5,000,” a city staff member stated while presenting the proposed budget outlook. Staff said the…
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