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Nags Head manager presents FY2025‑26 budget, warns of a sharp health‑insurance jump
Summary
Town Manager Andy presented a recommended FY2025‑26 budget (general fund roughly $31 million), highlighted a 59% health‑insurance increase driven by the dissolution of a municipal health trust and a roughly $440,000 cost impact, and outlined capital needs including beach nourishment planning and IT migration to cloud services.
NAGS HEAD, N.C. — Town Manager Andy presented the recommended FY2025‑26 budget on May 7, telling the board the general fund is roughly $31 million and that a sudden rise in health‑insurance costs and long‑term inflationary pressures are driving a more cautious budget approach.
"Health insurance 59% increase in value," Andy told the board, describing how the municipal health benefits trust used by hundreds of local governments is dissolving and requiring towns to secure new coverage. The town manager said…
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