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Indian Trail council adopts FY 2025–26 budget, sets property tax rate at 17 cents
Summary
The Town of Indian Trail approved its FY 2025–26 budget ordinance and set the property tax rate at $0.17 per $100 of assessed value; the measure passed 3–1 after discussion about contract and infrastructure cost risks.
The Town of Indian Trail Council approved the FY 2025–26 budget ordinance and set the property tax rate at 17 cents per $100 of assessed value following discussion about contract and infrastructure cost risk. The motion to adopt the budget passed 3–1.
Council and staff debated assumptions behind the budget during the meeting. Town Manager Mike McLaurin walked the council through the ordinance, describing the standard North Carolina budget process (department requests, finance revenue estimates and public hearings) and noting a decision to set aside five cents for a…
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