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County manager presents FY25 budget that holds tax rate, boosts schools and housing
Summary
County Manager Chris presented a recommended FY25 budget that keeps the general tax rate at $0.45 per $100 of value, recommends $5.5M in new classroom support, $3M for housing affordability, $2.1M to preserve school nurses and mental-health therapists, and proposes reallocations that would eliminate some outside-agency capacity-building funding.
County Manager Chris presented the recommended fiscal 2025 budget to the New Hanover County Board of Commissioners on May 30, proposing to hold the general tax rate at $0.45 per $100 of assessed value while reallocating and prioritizing funds for education, housing and mental-health services.
Chris said the budget is built around workforce and economic development, community safety and well-being, and sustainable land use and environmental stewardship. He told commissioners the county is in the fourth and final year of revaluation, that inflation since the last revaluation is about 21%, and that federal COVID-recovery funds are sunsetting — context that informed staff's recommendation not to use the revenue-stabilization fund and to limit new recurring spending.
The recommended package would: provide $5,500,000 in new money for the school system to…
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