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County Manager Kim Sowell proposes 3.25-cent tax increase in FY2024-25 recommended budget
Summary
Durham County Manager Dr. Kimberly Sowell on May 13 presented a FY2024-25 recommended budget that would raise the general fund property tax rate by 3.25 cents to generate about $17.3 million, bolster school funding and pay increases, and schedule a public hearing for May 28.
County Manager Dr. Kimberly Sowell presented the Durham County Board of County Commissioners with a recommended fiscal year 2024-25 budget on May 13 that includes a proposed 3.25-cent increase in the county's general fund property tax rate to generate an estimated $17.3 million.
——"This proposed budget helps guide the County through the harrowing straights of infinite needs and finite resources," Dr. Sowell told the board during the presentation, which outlined revenue projections, spending priorities and next steps for public review.——
Why it matters: The recommended package directs money toward three broad priorities the manager highlighted: education and workforce development, employee compensation and benefits, and maintaining long-term fiscal stability amid slowing revenue growth.
Major financial items and assumptions
- Property tax: A…
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