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Public Hearing on Town Manager’s Recommended Budget for FY 2025-26
PURPOSE: The purpose of this agenda item is to provide a second opportunity for the public to comment on the Town Manager’s Recommended Budget for FY 2026 as required by G. S.159-12: Filing and publication of the budget; budget hearings (b).
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Department
DEPARTMENT: Town Manager & Finance
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Council Direction
COUNCIL DIRECTION:
_X_ Race/Equity __X__ Climate _X___ Comprehensive Plan ____Other
Council Direction Statement
The annual budget and budget book are important documents the Town produces each year, as required by state statute. In developing the FY 2026 budget, staff included Council objectives such as Race and Equity, Climate Action, the Comprehensive Plan, and other prioritized initiatives.
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Information
INFORMATION: By state law, the Town Manager is required to submit a recommended budget and budget message to the Mayor and Town Council by June 1st of each year. This recommended budget is to be made available for public inspection and the Town Council is required to hold a public hearing on it prior to adoption. The FY 2026 Recommended Budget and presentation can be found on the Town’s website at the following location:
Presentation: ’Managers Recommended Budget <https://www.carrboronc.gov/DocumentCenter/View/16587/FY-2025-2026-Recommended-Budget-Presentationpdf>
carrboronc.gov/DocumentCenter/View/16585/FY-2025-2026-Recommended-Budget- <https://www.carrboronc.gov/DocumentCenter/View/16585/FY-2025-2026-Recommended-Budget->
The Town’s annual operating budget represents Carrboro’s mission and commitment to enhancing the quality of life of our residents. This budget reflects our dedication to supporting our valuable employees, investing in critical infrastructure, and meeting the immediate needs of our community.
The Town Manager’s recommended total budget for FY 2026 is $62.5 million, which includes the following funds:
• General Fund: $32,667,113
• Capital Projects: $22,214,462
• Special Revenue: $1,858,271
• Stormwater Enterprise: $1,667,487
• Parking Enterprise: $132,500
The Town Manager presented the recommended budget at the Town Council meeting on May 6, 2025. Notice of the public hearing for May 20, 2025, was published by the Town Clerk and posted to the Town’s website.
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Fiscal and Staff Impact
FISCAL IMPACT: The only cost associated with this agenda item is the cost to publish the public hearing notice.
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Recommendation
RECOMMENDATION: The Town Manager recommends that the Town Council: 1) hold a second public hearing and receive additional comments from the public on the Town Manager’s recommended budget for FY 2026.
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