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Nags Head adopts FY2025-26 budget, raises tax rate to boost beach-nourishment reserve
Summary
The Board of Commissioners adopted the FY2025-26 operating budget and related measures June 11, increasing the town's tax rate from the manager's recommended 22 cents to 23.2 cents to add 0.5 cents (moved to 2.0 cents) for beach nourishment and shift 0.7 cents to the ad valorem rate; staff reduced the fund balance appropriation to balance the ordinance and added a $400,000 sales-tax in/out budget item.
The Nags Head Board of Commissioners adopted the town's operating budget for fiscal year 2025-26 on June 11 after a public hearing and staff presentation on changes to the manager's recommended spending plan.
Amy Miller, deputy town manager and finance officer, said the board and staff adjusted the manager's recommended 22-cent tax rate to 23.2 cents after neighboring towns' decisions threatened shared revenues tied to prior-year levies. Miller said the board allocated that increase by boosting the…
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