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New Kinnamon Meadows buildout boosts Greensboro revenue forecast in draft budget
Summary
Staff told the workshop that Kinnamon Meadows Estates will include more homes than originally projected; the extra units were incorporated into the draft property‑tax revenue forecast for the proposed budget.
Greensboro staff reported at the May 7 workshop that Kinnamon Meadows Estates — a local residential development — is expected to contain more homes than initially projected. The additional housing units were added to the revenue projection in the draft budget, changing property‑tax estimates used for balancing.
No dollar totals for the additional revenue were provided during the workshop. Staff said they will update the budget if property values or assessments change before the June 25 data cutoff; the draft currently assumes the existing property‑tax rate.
