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Greensboro workshop finalizes budget framework ahead of May 20 public hearing
Summary
At a May 7 workshop, Greensboro staff presented a draft budget that factors in a $2,000 per‑employee pay increase and updated revenue from a new housing development; the town will hold a public hearing on May 20 and aims to approve the budget by June 4.
Greensboro convened a budget workshop on May 7 to review a draft fiscal‑year budget and set the schedule for public review. Staff summarized key changes that will affect payroll and revenue assumptions and confirmed steps and deadlines leading to a May 20 public hearing and a targeted approval date of June 4, 2026.
Cindy presented the revised budget, calling out changes to salary and benefit calculations and updated revenue projections tied to the Kinnamon Meadows Estates development. Staff noted that the budget is currently based on the town's existing property‑tax rate and that any property‑value changes will be reflected in the budget if reported by the June 25 update deadline. The workshop adjourned at 5:05 PM and moved into an executive session for legal matters.
