Development News for Matthews, North Carolina

Matthews Board Reviews FY27 Budget: No Property Tax Increase Proposed Amidst Financial Discussions

The board reviewed and discussed the proposed fiscal year 2026-2027 budget. Key discussions included the allocation of funds, departmental shifts, software subscriptions, and fee structures for residents versus non-residents. Specific attention was given to the increase in summer camp program funding, the rationale behind budget line-item changes, and the overall financial health and lean operational model of the town. The proposed budget includes no property tax increase, maintains competitive wages and benefits, and introduces a 5-year capital improvement plan. Several new positions were proposed, including a staff attorney, IT technician, safety coordinator, and senior transportation planner, with some positions to be funded by PAVE Act revenues. The budget also addresses tourism fund activities, stormwater management, and transportation projects funded by new sales tax revenues. Concerns were raised regarding the sustainability of revenue growth versus expense increases, potential impacts of state property tax reform, and the need for strategic planning to address future financial pressures.