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New Hanover County commissioners debate using reserves or raising property taxes to close FY2027 gap
Summary
Commissioners reviewed two FY2027 budget models — one keeps the property tax rate at 30.6¢ and uses the revenue stabilization fund to pay priorities, the other raises the tax rate — and the chair asked staff to return options without using the revenue stabilization fund.
New Hanover County commissioners spent a meeting-length discussion weighing two staff-drawn FY2027 budget models, one that keeps the county’s property tax rate at 30.6¢ and relies on the revenue stabilization fund (RSF) to pay new priorities, and one that balances those priorities by increasing the property tax rate.
Amanda, a county staff presenter, told the board staff had prepared two scenarios and that the RSF-funded model includes $2,000,000 for workforce housing, a $900,000 restoration of pre-K funding (bringing pre-K to $1,900,000 total), a $300,000 annual contribution to the Center for Community Justice and a pooled allocation for arts and culture,…
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