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Princeton sets June 16 public hearing on FY 2025‑26 budget, proposes 47¢ tax rate
Summary
The Board of Commissioners approved a motion 4-0 to set a public hearing for June 16 on the proposed fiscal year 2025‑26 budget and a recommended tax rate of 47 cents per $100 valuation; the proposed budget balances general, water and sewer funds and includes several rate and fee adjustments.
The Town of Princeton Board of Commissioners on June 2 set a public hearing for June 16 on the proposed fiscal year 2025‑26 budget and recommended a tax rate of 47 cents per $100 valuation. The motion to set the hearing and move the budget forward passed 4-0.
Town Administrator T. A. King presented the recommended budget, which staff said is balanced and prepared in accordance with North Carolina General Statute 159‑12. The proposed general‑fund…
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