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Greensboro budget office outlines FY2026-27 timeline, $830.5 million context and tax allocations
Summary
Leah Price, senior budget and management analyst, presented an overview of Greensboro's budget process, the FY2025-26 $830.5 million spending picture, revenue and fund structure, property tax allocations, the Vision 36 framework, and key dates for the FY2026-27 cycle (recommended budget May 19; public hearing June 2; adoption June 16).
Leah Price, senior budget and management analyst in the City of Greensboro's Budget and Evaluation Department, gave a public overview of the city's budget process and fiscal priorities, including the timeline for the FY2026-27 budget and a snapshot of the FY2025-26 adopted budget.
Price said the city's adopted FY2025-26 budget totaled $830.5 million. "A little more than 40% of the city's expenses are for personnel," she said, and the largest share of the total budget is infrastructure, which Price described as about 51% of the overall plan, with public safety about 26%.
The presentation explained how city funds are organized and where revenues come from. Price described the general fund as the home of core services such as police and fire and said the general fund represents roughly 53% of the operating budget. For the city-wide revenue mix she listed approximately 34% from user fees and charges, 29% from property taxes, 10% from sales tax, 6% from intergovernmental revenue and the remainder from other sources and fund balance.
Price outlined the property tax rate and how that rate is allocated. "The city property tax rate is 67.25 cents per $100 of property valuation," she said, noting the presentation allocates that rate as 62.75 cents to the general fund, 3.5 cents to the Greensboro Transit Agency and 1 cent to the Nusbomb Housing Fund (name stated in the presentation).
She explained the city's capital and debt approach, saying the budget sets aside funds to pay down financing and supports a 10-year capital improvements program for major investments such as buildings, fire trucks and stormwater improvements.
The presentation also described fund types: enterprise funds (for example, the water resources fund that bills users for service), internal service funds that allocate shared costs between departments, debt service funds and special revenue or project funds used for grants and multiyear projects.
On process and timing, Price reminded viewers that North Carolina law requires municipal governments to adopt a balanced budget annually and that Greensboro's fiscal year begins July 1. She said the city manager will present a recommended FY2026-27 budget to the council on Tuesday, May 19, 2026; a public hearing is scheduled for Tuesday, June 2, 2026; and the council aims to adopt the budget on Tuesday, June 16, 2026.
Price also described the council's Vision 36, a 10-year strategic framework intended to align budgeting, capital planning, land use and major initiatives such as housing, workforce and infrastructure to promote consistent, system-level outcomes rather than ad hoc, project-by-project decisions.
The presentation closed with public-engagement instructions: citizens may sign up to speak at meetings by 6 p.m. the night of the meeting at the kiosk outside the Katie Dorset Council Chamber, and budget documents and a comment link are available at greensboro-nc.gov/budget.
Next steps: the manager's recommended budget (May 19), public hearing (June 2) and anticipated adoption (June 16).
