Cornelius Today is reporting that while general fund expenditures would arguably fall due to one-time ARPA funds that were placed into reserve accounts during FY23, chances of a revenue-neutral town budget in FY24 may be in doubt. In fact, Town Manager Andrew Grant is recommending a budget that would be 2 cents above revenue neutral, or 18.3 cents per $100 of assessed valuation. Revenue neutral, which builds in a revenue increase equal to the average of the last 4 years in Cornelius, would be 16.3 cents per $100.
Likelihood of Revenue-Neutral Cornelius Town budget in FY24 Not Very Good
