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Kernersville adopts $56.0 million operating budget, lowers tax rate to 50.9¢
Summary
The Board approved a $56,000,879 operating budget for fiscal year 2025–26, adopting a tax rate of 50.9¢ per $100 valuation and adding staffing, capital replacements and a 2% merit program.
The Kernersville Board of Aldermen adopted a $56,000,879 operating budget for fiscal year 2025–26 and set the property tax rate at 50.9 cents per $100 of assessed value in a unanimous vote Tuesday.
Town Manager Curtis Swisher presented the budget and summarized revenue and expenditure assumptions. Swisher said the proposed operating budget balances expected revenues and expenses and contains a recommended 2% merit increase for employees, market pay adjustments after a police pay study, a $5.055 million installment-purchase program for vehicle and equipment replacement and capital projects, and funding for six new firefighter positions phased to begin Jan. 1 when a new rescue truck…
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