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City manager presents FY2025–26 recommended budget: $93.18 million, proposed tax-rate reduction and utility rate changes
Summary
City Manager and finance staff presented a recommended $93.18 million budget with proposed property tax rate reduction to 69 (from 82.5 reported), a 9% water/sewer rate increase, $11.4 million for water reclamation facility design and $1.2 million additional paving funding.
City Manager Matt Livingston and Finance staff presented the manager’s recommended FY2025–26 budget at the May 19 Goldsboro City Council meeting, summarizing priorities, reductions and proposed rate changes.
Livingston said the recommended budget totals roughly $93.18 million and is approximately $32 million less than department requests after capital reductions and reprioritization. The recommendation reduced discretionary capital spending and shifted some capital items to future years. The manager described…
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