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Durham city manager proposes $722 million FY26 budget, recommends tax-rate cut above revenue-neutral level
Summary
City Manager presented a $722 million proposed budget for fiscal year 2025–26 that reduces the property tax rate to 43.71¢ (from 59.62¢), funds expanded crisis response, preserves fare-free transit and increases employee pay; council will review in upcoming work sessions and hold a public hearing June 2.
Durham City Manager (presenter) unveiled the city’s proposed fiscal year 2025–26 budget on May 20, proposing a $722,000,000 package that would reduce the property tax rate from 59.62¢ to 43.71¢ per $100 of assessed value and pay for bond and operating costs the manager said the city needs to sustain services.
The proposal reduces the tax rate by 15.91¢ but remains 5.48¢ above the revenue-neutral rate of 38.23¢ calculated after the county-wide revaluation. “I am honored to present my first budget for fiscal year 25–26 as your new city manager,” the city manager said in opening the presentation, and later summarized the topline: “Our proposed fiscal year 25–26 budget is $722,000,000…an increase of about $54,000,000 or 8%.”
The manager’s pitch emphasized four…
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