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New Bern manager proposes $52.24 million FY2027 budget, board set public hearing and workshop
Summary
City Manager Hughes presented a $52.24 million proposed FY2027 budget that would raise the property tax rate from 39¢ to 42¢ (a 3¢ net increase) and includes a 2% cost-of-living adjustment, capital priorities and a May 12 adoption target; the board scheduled a public hearing April 28 and a workshop May 5.
City Manager Mr. Hughes presented the proposed FY2027 budget to the New Bern Board of Aldermen on April 14, laying out revenues, proposed spending and next steps for adoption.
Hughes told the board the city’s population increased 12.6% between 2020 and 2024 to about 35,266 residents and described growth in residential approvals and business openings that informed revenue projections. The proposed general fund budget totals $52,238,420 and would be balanced with $500,000 in fund balance and about $6 million in reductions from the initial requests.
Key figures in the proposal include a recommended 3¢ ad valorem…
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