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Davidson County staff present balanced FY2026 budget that preserves school capital funding and expands capital plan
Summary
County budget presenter reviewed a largely balanced FY2026 general fund budget that holds the property tax rate at 54¢, maintains $4.8 million in annual school capital funding, proposes a $165 million capital program and sets contingency money aside for a possible detention center borrowing.
Casey Smith, a Davidson County staff member responsible for preparing the budget, presented the county's proposed fiscal year 2026 general fund budget at the Board of Commissioners meeting on Monday, May 12. Smith said the draft budget is balanced, keeps the property tax rate at 54¢ and uses less fund balance and interest revenue than the prior year.
Smith told commissioners the county expects property tax revenue to increase by about $4,000,000, or roughly 4.5 percent, and that taxable sales growth is modest (about 1–1.5 percent). He said the county will not take lottery funds previously taken from schools (about $528,000 removed from the county budget for FY2026) and will continue the existing annual school capital payment of $4,800,000.
The proposed budget keeps the county tax rate at 54¢ and preserves the three sales-tax articles (articles 40/42 and 46) that fund school capital and debt. Smith presented a 10-year summary showing about $49.5 million in sales-tax proceeds dedicated to schools over the last decade but noted the county has…
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