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Woodfin proposes $8.2 million budget, holds property tax rate and reduces stormwater fees
Summary
Town staff presented a fiscal year 2026 proposed budget that holds the town property tax rate steady, reduces the stormwater fee roughly 21.8% by moving billing to property tax and updating impervious-surface calculations, and asks the council to appropriate $208,034 from fund balance for expansion items.
Town of Woodfin staff presented a recommended fiscal year 2026 budget Tuesday that keeps the town property tax rate at 33 cents per $100 of assessed value, proposes reductions in stormwater fees and includes several one-time and recurring expansion items the town manager said were needed to maintain services.
The town’s proposed general-fund appropriation is $8,214,932, staff said. Officials presented a comparison that excludes FEMA-related hurricane expenditures to show an “apples-to-apples” baseline. Staff projected current-year revenues of about $7.9 million and proposed revenues for the coming year near $8.2 million; the recommended budget includes an appropriation of $208,034 from fund…
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