Colin Furcht

Advisory Board Policy Updates

FY27 Budget and Proposed 2-Cent Tax Increase

5% higher electric bills for most customer classes; higher permit and zoning fees.

FY28 Parks Budget Priorities

The purchase costs $961,950 (about $1.02 million with due diligence and closing), with a possible $500,000 state grant offset.

FY 2028 Budget Calendar

Electric Fund Write-Offs

Removes $33,482.96 from the books as uncollectible, though collection efforts continue.

2027 Property Revaluation

Assessed values are rising, but your actual tax bill depends on the rate county commissioners set afterward.

Planning department staffing changes

State SNAP Cost-Shift Threatens Town Sales Tax Revenue

Potentially about $592,000 in withheld sales tax revenue annually for Cornelius under current estimates.

State HB1089 Property Tax Limits

Could constrain future town revenue if enacted by the state legislature.

Commissioner Sansbury Resignation

PAVE Act sales tax and FY27 road funding

The town owes an estimated $45 million in NCDOT matches against about $19 million available; the new sales tax is projected to bring $2.16 million in the first six months of FY27.