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Boiling Springs manager unveils FY 2026–27 budget, highlights $20 million in recent grants and a $1.6 million SRF loan
Summary
Town Manager Zachary Parker presented the FY 2026–27 budget guided by the Town’s 2026–2030 Strategic Plan, noting a 2% general fund expenditure reduction, recommended rate increases for capital projects, and roughly $20 million in grant or grant‑adjacent funding secured since August 2025 including a $1.6 million SRF loan with full principal forgiveness.
Town Manager Zachary Parker delivered the statutory budget message to the Boiling Springs Town Council, laying out a proposed FY 2026–27 budget grounded in the town’s newly adopted 2026–2030 Strategic Plan.
Parker told the council general fund revenues were conservatively forecast and recommended general‑fund expenditures decrease by about 2 percent for a second consecutive year. He said the solid‑waste department continues to be self‑sustaining, funded by user fees, and that the water and sewer fund operates as an enterprise fund with recommended rates reflecting capital improvement plan needs. Parker used a “penny chart” to illustrate how each tax dollar is allocated: roughly seven cents to the fire department, five cents to contingency, 3.65 cents remitted to Cleveland County for county services, and 24.35 cents for town operations — a distinction Mayor Tommy Greene asked council members to emphasize to residents concerned about the overall tax rate.
Parker highlighted the town’s capital project and grant fund activity since August 2025, reporting approximately $20 million in grant or grant‑adjacent funding. Examples cited included a $4 million South Main Street and downtown courtyard project in which the town’s direct investment was about $45,000, and a $1.6 million State Revolving Fund drinking‑water loan with full principal forgiveness. Parker described the SRF loan as “grant‑adjacent,” meaning terms effectively reduced the town’s borrowing burden.
Councilmembers commended staff for securing external funding and praised the budget development process; several councilmembers noted the Saturday budget retreats were valuable. Parker said a public hearing on the proposed budget was scheduled for 6:30 P.M. on June 2, 2026, at the regular Town Council meeting.
The presentation also included operational updates and upcoming capital work; staff will return with detailed budget ordinances and formal adoption steps after the required public hearing process.
