City Council Approves Fiscal Year 2025-26 Budget

During tonight's City Council meeting, Greensboro City Manager Nathaniel "Trey" Davis announced the adoption of an $831 million budget for Fiscal Year 2025-26, which begins on July 1.

The approved budget reflects a 3.5% increase over the current fiscal year, with the General Fund totaling $440 million. The City will maintain the current property tax rate of 67.25 cents per $100 property valuation.

The full budget will be available online at https://www.greensboro-nc.gov/Budget by July 17.

Public safety remains a top priority, with continued funding for the Community Safety Department, including programs such as the Behavioral Health Response Team (BHRT), Law Enforcement Assisted Diversion (LEAD), and GSO HOME for the unhoused. These services help address community needs and complement traditional emergency services by connecting individuals with necessary resources and reducing demands on police and fire services.

In the wake of unprecedented economic development successes in our community, infrastructure remains a high priority to support the growing economy. As a result, the budget also includes major infrastructure investments, including the rehabilitation of 13 miles of water mains, 10 miles of sewer lines, and $5.8 million for stormwater improvements. The City will resurface nearly 90 streets and more than 20 lane miles and rehabilitate two major bridges to support ongoing growth.

"­­Attainable housing continues to be a key focus outlined in the Housing GSO Plan," said City Manager Davis. "I am pleased to confirm the budget will allow us to provide down payment assistance, increase our housing stock, promote inclusivity, and support economic growth."

Infill revitalization projects aim to restore underutilized properties, helping to combat blight, reduce infrastructure strain, and promote walkable neighborhoods. The 'Road to 10,000' housing initiative continues to advance, with the goal of adding 10,000 housing units with a focus on affordability, accessibility, and proximity to jobs, schools, and transit.

Corridor redevelopment efforts are being accelerated along Randleman Rd., E. Gate City Blvd., and E. Washington St. These projects are designed to improve transportation access, enhance visual appeal, attract private development, and strengthen the City's long-term tax base.

To support local businesses and promote continued growth, the City will maintain its partnership with private and non-profit partners to encourage innovation and economic opportunity.

The adopted budget reflects Greensboro's ongoing commitment to responsible financial stewardship and strategic investment in the City's future.