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Cornelius News

New budget and tax rate shaping up for 2026 fiscal year

May 19. By Dave Vieser. Tonight will be the first time residents have an opportunity to tell commissioners what they think about the proposed $39.4 million 2026 Cornelius town budget.

First blush shows some good news for taxpayers: The tax rate would stay 17.31 cents per $100 valuation. That amounts to approximately $865 in local taxes for a home assessed at $500,000.

To hold the line on taxes, Town Manager Andrew Grant had to hold back on funding some projects.

Here’s where:
—$98,000 in recurring expenses were deferred which included a reduction in licensing for software not in use, as well as lower utility and postage costs.

—In addition $3 million in goals and capital items were deferred to a future year said Town Manager Andrew Grant.

Quotable

“Some examples include funding for a new Transportation Planner, redundant internet service, a new Police Co-Responder/Mental Health Clinician, Fire vehicle traffic preemption technology, and playground replacement at Westmoreland Athletic Complex.” said Grant.

The public hearing will begin at 6 pm in Town Hall on Catawba Avenue. It will also be live streamed on the town website: www.cornelius.org. Following public comment, the board is expected to continue the budget hearing to their next meeting on Monday June 2.

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