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Rocky Mount staff preview FY2026 budget; city plans no property tax rate increase
Summary
City staff outlined the FY2026 budget preparation schedule, projected revenue growth, and a plan to avoid a property tax rate increase while urging departmental restraint; staff estimated around $4 million in current revenue growth and flagged a $9 million combined fund-balance reduction from 2024–25 figures.
Ken Hunter, a city finance staff member, presented a preview of the City of Rocky Mount’s operating budget process and schedule, telling council staff aim to present the manager’s proposed budget in May and that the proposal will not include a property tax rate increase.
Hunter said budget notebooks would be distributed around May 16 with a formal proposal planned for May 28, followed by work sessions between May 28 and June 4, a virtual town hall (tentatively) around May 29, a public hearing on June 9 and adoption on June 23. “It is our intention of or the city manager when the city manager proposed budget is presented to you in May,…
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