Greene County Discusses Budget for 2025-2026 Fiscal Year
SNOW HILL, N.C. (WNCT) — The Greene County Board of Commissioners held a meeting Monday May 19, 2025, to discuss the proposed county budget for the 2025-2026 fiscal year.
The budget proposal including topics like funding local fire departments, replacing county vehicles for multiple departments, and increasing funding for Lenoir Community College by 10%; the first requested increase in 15 years.
Greene County has been in communication with the town of Snow Hill about the possibility of absorbing the Snow Hill Police Department into the County's Sheriff's Office. As of right now, the County has provided information on how coverage and payments would work, but the final call on the decision is up to Snow Hill.
'Recently, Snow Hill approached us about the cost to offer designated service in the town of Snow Hill by Greene County Sheriff's Office. We provided them a number as to what it would cost, and we have given them that number and we await their response. Anything we can do to help them, we are genuinely trying to reach out and do,' Greene County Manager, Kyle DeHaven said.
Also discussed in the budget proposal is a property tax rate of $0.786 per $100 of assessed valuation. The estimated valuation for real and personal property stands at approximately $1.194 billion. The county anticipates net tax revenues of approximately $11 million by applying an estimated collection rate of 98%.
The budget proposes six new full-time positions. Four Deputy Sheriffs and two Dispatchers. The new Deputy Sheriffs will support law enforcement services in Greene County. The Dispatcher positions align with state recommendations for optimal 911 operations, transitioning from two full-time and one peak-time role to three full-time dispatchers.
A 2.5% Cost of Living Adjustment (COLA) for all County employees is included, aimed at offsetting inflation and in response to a 2.4% year-over-year increase in the Consumer Price Index.
For a full look at the proposed budget, you can find it here.
A public hearing and budget workshop will be held this Friday May 23rd, and next Wednesday May 28th at 8:30 a.m. in the Longleaf Pine Conference Room at the Greene County Complex, 229 Kingold Blvd, Snow Hill, N.C. The public is welcome to attend.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Insider
3 hours ago
- Business Insider
Airline Stocks Feel the Pressure as Airfares Fall 7% in May
U.S. travelers saw some welcome relief on airfares this spring. Indeed, according to the latest Consumer Price Index report, airline ticket prices decreased by 7.3% in May compared to the same month a year ago, following a 7.9% drop in April. However, this price drop comes at a time of growing uncertainty around how President Trump's tariff policy might impact consumer demand and the broader economy. It is no secret that major airlines have been feeling the pressure. Confident Investing Starts Here: Earlier this year, Delta (DAL) and American Airlines (AAL) withdrew their full-year revenue and earnings outlooks, thanks to weak demand in the budget-friendly main cabin and tariff-related challenges. In addition, United (UAL) issued two possible forecasts due to economic uncertainty, while Southwest Airlines (LUV) opted not to update its guidance for 2025 and 2026. 'We were highly impacted on the demand side by the tariffs and the erosion of consumer confidence,' Southwest CEO Bob Jordan said in April. Looking ahead, the International Air Transport Association expects air passenger growth to slow to 5.8% in 2025, down from 10.6% in 2024 as a result of U.S. trade policy and a cooling global economy. Travel trends are also shifting, with fewer foreign tourists visiting the U.S. Last month. This has led airlines to scale back on U.S.-Canada flights while adding more premium seats to offset the lower demand in economy class. Interestingly, aviation consultant Mike Boyd warns that budget airlines could be hit hardest as overall demand and prices fall. Which Airline Stock Is the Better Buy? Turning to Wall Street, out of the stocks mentioned above, analysts think that UAL stock has the most room to run. In fact, UAL's average price target of $98.71 per share implies more than 26% upside potential. On the other hand, analysts expect the least from LUV stock, as its average price target of $31.38 equates to a loss of 5.9%.
Yahoo
5 hours ago
- Yahoo
Social Security cost-of-living adjustment may be 2.5% in 2026, new estimate shows
The cost-of-living adjustment for Social Security could be 2.5% in 2026, based on the latest inflation data, new estimates show. That's up from last month's estimate of 2.4%, said Mary Johnson, an independent Social Security and Medicare policy analyst who forecasts 2026 COLA using monthly inflation data. A 2.5% increase would be the same gain beneficiaries received this year, but there's still time for the 2026 estimate to rise because the full impacts of President Donald Trump's tariffs are still unknown. "This estimate may rise with four more months of data still to come in before the 2026 COLA will be announced in October," Johnson said. Even though May inflation remained tame, most economists predict Trump's tariffs will raise inflation, which in turn, boosts the COLA. "Another month goes by with little evidence of tariffs, but the longer-term inflation challenge they pose remains," said Ellen Zentner, chief economic strategist for Morgan Stanley Wealth Management. Ken Kim, senior economist at KPMG, sees inflation peaking above 4% annually in the fall. That would be sharply higher than the 2.4% annual increase in the May consumer price index, a measure of average changes in goods and services costs. The average monthly Social Security check in May reached a record high $1,948.17. Based on that, a 2.5% increase would raise the monthly benefit by about $40.70. Roughly 75 million Americans, or about a fifth of the population, receive Social Security benefits. COLA is an annual adjustment to benefits meant to keep beneficiaries' purchasing power from being eroded by inflation. The final COLA for the following year is typically announced in October by the Social Security Administration. COLA is based on the percentage increase in the consumer price index for Urban Wage Earners and Clerical Workers from July through September of the last year as compared to the same three months of the current year. CPI-W tracks the overall inflation rate but can differ slightly. In May, annual CPI-W rose 2.2%, compared with the 2.4% rise in overall consumer prices. Medora Lee is a money, markets, and personal finance reporter at USA TODAY. You can reach her at mjlee@ and subscribe to our free Daily Money newsletter for personal finance tips and business news every Monday through Friday morning. This article originally appeared on USA TODAY: Social Security COLA may be 2.5% in 2026, but tariffs could lift it
Yahoo
6 hours ago
- Yahoo
ICE Raids Have Sent Latino Shoppers Into Hiding and Big Brands Are Hurting
Coca-Cola and other companies have seen a drop in sales due in part to a pullback by Hispanic consumers.
