North Carolina Construction News staff writer
Concord’s $382.6 million budget proposal for Fiscal Year 2025-2026 focuses heavily on capital projects, including transportation improvements, greenway expansions, affordable housing developments, and new public safety facilities, while maintaining the current property tax rate.
The total recommended budget for all funds is $382,574,668. The proposed budget allocates funding to City Council’s strategic priorities, including dedicated funding for transportation, parks and recreation, and affordable housing.
Highlights include:
- $4.4 million dedicated transportation funding for street and sidewalk projects.
- $3.7 million for annual street resurfacing.
- $1.8 million for Parks & Recreation greenway projects to continue progress on City Council’s goal of 30 miles of greenway by 2030. This includes funding for construction of the first phase of the Clarke Creek Greenway – Cox Mill Loop.
- $1.8 million dedicated to affordable housing projects.
- Prioritizes public safety, including funding for four new police officers for Downtown Concord, and the construction of Fire Station #13 and the Communications & Emergency Operations Building.
The proposed budget also aligns funding with City Council’s six Strategic Plan goals. These goals are: 1) Deliver Effective & Efficient City Government; 2) Create Economic Opportunities for Individuals & Businesses; 3) Promote a Safe & Connected City; 4) Invest in Innovative & Sustainable Infrastructure; 5) Develop Unique Places & Destinations; and 6) Leverage Communications & Partnerships.
The complete recommended budget, as well as a one-page overview, is available online at concordnc.gov/budget.
Council will discuss the budget and hold a public hearing during the City Council meeting June 12 at 6 p.m. at City Hall.