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Finance committee votes to advertise 1.0 mill increase for Holly Springs City; public hearings set
Summary
Holly Springs City Finance and Administration Committee voted to advertise a 1.0 mill increase for the 2025 millage rate, setting public hearings for Aug. 4 and Aug. 18; the preliminary 2026 budget proposes no new positions, frozen vacancies and no pay raises.
Holly Springs City’s Finance and Administration Committee voted to advertise a 1.0 mill increase for the 2025 millage rate and scheduled public hearings for Aug. 4 and Aug. 18.
The committee’s presenter, identified in the transcript as Unidentified Speaker 2, said the calculator rollback rate is 3.945 and outlined revenue scenarios: a 0.25‑mill increase (4.195) would generate about $285,000 over the rollback, 0.5 mill (4.445) about $571,000, 0.75 mill (4.695) about $857,000, and a full 1.0 mill (4.945) about $1.1 million.
Unidentified Speaker 2 said ad copy for the Aug. 4 public hearing must be submitted by Wednesday to meet the advertising deadline. “At this time, we're proposing a status quo budget, no increase,” Unidentified Speaker 2 said, adding the preliminary 2026 budget contains no new positions, freezes vacant positions and includes no salary increases.
Committee members discussed timing and flexibility. A member noted that once a millage is advertised it can be reduced later but not increased. Unidentified Speaker 4 expressed concern about the burden on residents with fixed incomes, saying, “I get concerned that... it may hit people kinda hard,” and urged looking for alternatives while staff continue to review the numbers.
Unidentified Speaker 3 moved to accept the 1.0 mill advertisement and asked staff to continue examining budget details; Unidentified Speaker 4 seconded the motion. The committee recorded the outcome as “Motion carries 3 0.”
The presenter also outlined the adoption schedule: a first public hearing on Aug. 4 and two Aug. 18 hearings (one at 11 a.m. and another at 6:30 p.m.), with the council expected to vote to adopt the millage at the 6:30 p.m. meeting on Aug. 18.
Members also discussed downtown development as a possible source of future revenue; transcript remarks include inconsistent figures about projected receipts (a higher estimate stated verbally and a different figure in response), a point committee members said staff will review further.
The committee approved the May 19, 2025 Finance and Administration Committee special-call meeting minutes and then adjourned.
Next steps: the city will run the advertisement for a 1.0 mill increase and hold the scheduled public hearings; staff will continue to analyze budget options before council adoption on Aug. 18.
