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Lenoir adopts $42.0 million FY 2026–27 budget; property tax rate unchanged
Summary
The City Council adopted a $42,038,375 budget that keeps the property tax rate at 46¢ per $100 valuation and raises water and sewer rates 3.75%, increasing a typical 5,000-gallon bill by about $2.12.
The City of Lenoir adopted its FY 2026–27 budget at a total of $42,038,375, keeping the property tax rate steady at 46¢ per $100 valuation and approving a 3.75% increase to water and sewer retail rates.
City Manager Hildebrand presented the budget summary to the council, saying the budget “totals $42,038,375,” with the general fund at $27,104,230, a special district fund of $285,875, a TDA fund of $125,000 and a water and sewer fund of $14,523,270. He told the council that the water and sewer rate increase would raise the average 5,000-gallon retail bill by approximately $2.12 and that bulk resale rates would rise by 5%.
Council Member Stevens moved to accept the recommended FY 2026–27 budget as presented. The mayor called the vote and announced the motion carried; the transcript indicates unanimous approval but does not show a roll-call or specific vote totals.
The adopted budget maintains existing general-fund fees and charges, continues the downtown municipal service district rate structure and keeps the property tax rate at the same level as the previous year. Finance Director Donna Bean and department staff were acknowledged for preparing the 270‑plus page budget packet.
Next steps: the budget ordinance adoption allows staff to begin implementing the fiscal-year spending plan effective July 1, 2026. Citizens seeking details were referred to the full budget packet referenced during the meeting.
