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Nags Head adopts FY26 budget with small tax-rate increase; adds to beach-nourishment reserve
Summary
The Board adopted the FY2025–26 operating budget after staff described a modest tax-rate increase from the manager’s recommendation to protect shared revenues; the board allocated an increase in the beach‑nourishment portion of the rate and reduced fund-balance draw to balance the ordinance.
The Nags Head Board of Commissioners adopted the fiscal year 2025–26 operating budget on June 11 after a public hearing and staff presentation by Deputy Town Manager and Finance Officer Amy Miller. Miller explained staff and the board increased the tax rate above the manager’s original recommendation to avoid projected reductions in shared revenues driven by neighboring towns’ revenue-neutral rate decisions.
Key decisions: Miller said the manager’s recommended rate was 22 cents; the board-approved ordinance reflects a rate of 23.2 cents. The board reallocated the incremental revenue as follows: an increase…
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