During tonight’s City Council meeting, Greensboro City Manager Nathaniel “Trey” Davis presented an $828 million recommended budget for Fiscal Year 2025-26, which begins on July 1.
The budget reflects a 3.3% increase over the current year, with the General Fund totaling $441 million. The City will maintain the current property tax rate of 67.25 cents per $100 property valuation.
The budget and manager’s presentation will be available online at www.greensboro-nc.gov/Budget on Wednesday, May 21.
“The proposed budget reflects our values and our community’s evolving needs,” said City Manager Davis. “It balances critical investments in public safety, infrastructure, and economic development while ensuring our services continue to meet the needs of our growing city. This budget also demonstrates our continued commitment to employees, community safety, and housing needs.”
Public safety remains a top priority, with funding for the Community Safety Department, which includes programs, such as the Behavioral Health Response Team (BHRT) and Law Enforcement Assisted Diversion (LEAD) and GSO HOME for the unhoused. These services aim to address community needs and complement traditional emergency services by connecting individuals with necessary resources, reducing demands on police and fire services.
The proposed budget also includes significant infrastructure improvements, 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 86 streets and 23 lane miles, and rehabilitate two major bridges to support growth.
Attainable housing remains a key priority through the Housing GSO Plan. “The proposed budget invests in housing bonds, American Rescue Plan funds, and neighborhood revitalization efforts to expand shelter capacity, build permanent supportive housing, and stabilize neighborhoods,” added Davis.
Infill revitalization efforts are underway to restore underutilized properties, helping to combat blight, reduce infrastructure strain, and promote walkable neighborhoods. Additionally, the ‘Road to 10,000’ housing initiative, which aims to bring 10,000 new housing units to market in the coming years, prioritizing affordability, accessibility, and proximity to jobs, schools, and transit.
Corridor redevelopment projects are being accelerated along Randleman Road, E. Gate City Blvd., and E. Washington S.; targeting investments to not only improve transportation access and visual appeal, but also to attract private development and strengthen the City’s long-term tax base.
As part of its efforts to support local businesses and promote growth, the City continues its partnership with the Nussbaum Center to foster business innovation and development. The City is committed to advancing initiatives that strengthen economic opportunities and enhance the overall vibrancy of Greensboro.
The City Council will hold a public hearing on the recommended budget at 5:30 pm on Tuesday, June 3, in the Katie Dorsett Council Chamber at the Melvin Municipal Office Building, 300 W. Washington Street. The public can provide feedback through the Budget Input Survey or the Balancing Act Budget Simulator through June 3.
The City Council is scheduled to vote on the adoption of the final budget on Tuesday, June 17.
