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Dare County manager unveils $242.9 million recommended budget for FY26; no property tax increase proposed
Summary
Dare County Manager presented a recommended $242.9 million budget for fiscal year 2026 on May 5 that holds the county’s property tax rate flat and funds higher local support for schools while using one-time fund balance to avoid a tax increase this year.
Dare County’s proposed fiscal 2026 operating and capital plan totals $242,865,850, County Manager and finance staff told the Board of Commissioners on May 5. The recommendation includes a general fund budget of approximately $143.0 million, continued support for school operating and capital needs, and no increase in the county’s general property tax rate.
The manager recommended a revenue-neutral tax rate of 26.32 cents per $100 of assessed value for FY26 (the county’s previously adopted rate was higher because of a recent revaluation). The recommended budget finances a notable increase for Dare County Schools—local current expense and related school support rise under the board’s funding formula—and includes a 3% cost-of-living increase for eligible full-time county employees and a 50-cent hourly…
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