In the heart of Carteret County, the Board of Commissioners convened on May 19, 2025, to unveil a proposed budget that reflects both fiscal responsibility and a commitment to community needs. The atmosphere was charged with anticipation as County Manager, Miss Griffin, expressed gratitude to her finance team, highlighting their dedication in crafting a budget that aims to maintain essential services while reducing the tax burden on residents.
The proposed budget for the fiscal year 2026 stands at $138.89 million, marking a slight decrease from the previous year. A key highlight of the meeting was the recommendation to lower the county property tax rate from 34 cents to 23 cents per $100 of assessed value, a reduction of 11 pennies. This move is designed to ease the financial strain on residents while ensuring that the county remains financially sound.
Miss Griffin emphasized the importance of conservative budgeting, stating, "We want to be financially responsible both in the current day and in a way that does not put an undue burden on the county in the future." The budget reflects a careful balance between maintaining services and managing costs, particularly in light of the challenges posed by the 2025 real property reevaluation.
The general fund, which serves as the county's operating budget, is projected to increase by 0.62% from the current year, with property taxes contributing over 51% of the total revenue. Other significant revenue sources include sales tax and intergovernmental funds, which support vital human services programs. Notably, the budget allocates nearly 28% to education, encompassing both community colleges and public schools, with additional funding earmarked for technology improvements.
As the meeting progressed, the commissioners discussed various departmental needs, including the addition of staff positions in public works and parks, aimed at enhancing community facilities. The budget also prioritizes recreation, with a notable increase in funding for parks and recreational infrastructure.
In conclusion, the proposed budget reflects Carteret County's commitment to its residents, balancing the need for essential services with a responsible approach to taxation. As the commissioners prepare for further discussions and potential adjustments, the community watches closely, hopeful for a budget that supports growth and stability in the years to come.