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Woodfin finance director proposes balanced $9.05 million FY2027 budget, public hearing set for June 16
Summary
Finance Director Sherry Powers presented a recommended FY2027 budget totaling $9,047,909 that the town describes as balanced and revenue‑neutral; council will hold a required public hearing on June 16 and vote on the ordinance and tax rate at the next meeting.
Sherry Powers, Woodfin’s finance director, presented a recommended fiscal year 2027 budget of $9,047,909 and described it as balanced, funding core services including sanitation, police, planning and stormwater while preserving current service levels.
Powers told the council the proposal includes a recommended revenue‑neutral tax rate and funds 43 full‑time and part‑time positions. The expansion budget totals $1,272,086, including recurring cybersecurity costs, one new lieutenant (to be reclassified to captain), three routinely replaced vehicles and a fourth vehicle to support the new position, park security funds and a $400,000 reserve toward a future town hall project.
Powers said the town has applied for more than $17 million in grants this cycle and has received about $3.2 million to date. She noted that Riverside Park and the Taylor’s Wave contract areas are fully funded, with change orders included to cover later phases.
On tax‑rate context, Powers explained that if House Bill 889 becomes law and takes effect before the town’s tax rate becomes effective, the ordinance in the packet includes language that would revert the town to the current 33¢ tax rate; she reported the bill had passed the Senate and was pending further House action. Using local median values from Realtor.com, Powers illustrated potential tax‑bill examples for homeowners under the proposed and alternative treatments of valuation.
Powers said the town will hold the statutorily required public hearing on the proposed budget at the council’s regular meeting on June 16, 2026, at 5:00 p.m., and invited public comment at that hearing. The council did not take a final vote on the budget at the May 19 meeting; members were expected to consider and vote on the budget and tax rate at the next meeting after the public hearing.
The presentation also reviewed recent accomplishments: completion of debris reimbursement work, award or obligation of funds for several storm‑repair and park restoration projects, and work to close the Riverside Park funding gap. Powers said the general fund’s revenues have grown steadily and that the town expects to finish the current fiscal year near budgeted amounts.
