Fiscal Year 2025- 2026 Recommended Budget

Enhancing Infrastructure Our city’s infrastructure provides a foundation for every aspect of community life, and we are committed to maintaining and modernizing it with strategy and sustainability. This year’s investments include the rehabilitation of 13.2 miles of water mains and 10.3 miles of sewer lines. We’ve committed $5.8 million to stormwater improvements. We’ll resurface 86 streets and 23 lane miles, and we will rehabilitate two major bridges. These projects are vital for our continued growth - and they reflect our long-term planning through the $1.1 billion Capital Improvement Program. At the same time, we are advancing transformative projects. The Windsor-Chavis-Nocho Community Complex is officially under construction and will serve as a model for equitable, place-based investment. We are expanding GTA services, anticipating fixed-route ridership to grow to 2.36 million and paratransit to 177,000 riders. We are moving forward with major facility investments, garage improvements, and trail connectivity that will make Greensboro more accessible and livable for all. Housing remains one of our most pressing challenges, and one of our greatest opportunities. This year’s budget reflects our continued focus on ensuring we meet growing demand for the attainability of housing and the stabilization of our neighborhoods. We are sustaining our investment in housing bonds, fully supporting the implementation of the Housing GSO Plan through the Nussbaum Fund, and leveraging American Rescue Plan funds to stabilize neighborhoods and deliver critical services. These tools are helping us expand shelter capacity, build permanent supportive housing, and offer services that connect people to housing, employment, and care. We are coordinating closely with Guilford County and nonprofit partners to strengthen our homeless services system. This includes investments in street outreach, case management, and a coordinated entry process that helps ensure people in crisis can get timely, appropriate assistance. We are also developing new strategies to preserve affordable housing stock, support first-time homebuyers, and incentivize development in areas aligned with transit and employment. Promoting Economic Development Greensboro continues to grow as a destination for investment and innovation. Since 2024, we’ve seen continued growth in both commercial and residential permitting activity; clear signs of investor confidence and population growth. In response, this year’s budget reinforces our commitment to managing that growth strategically, with a focus on housing, infrastructure, and equitable economic opportunity. We are advancing 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 location near jobs, schools, and transit. This budget also supports infill revitalization efforts that restore life to underutilized parcels within existing neighborhoods, helping to combat blight, reduce infrastructure strain, and promote walkability. At the same time, we are accelerating corridor redevelopment projects along Randleman Road, East Gate City Boulevard, and East Washington Street; targeted investments that will not only improve transportation access and visual appeal, but also attract private development and strengthen the city’s long-term tax base. Housing GSO focuses on four areas: affordable rentals for low-income households, expanding access to homeownership, targeted neighborhood reinvestment, and supportive housing for vulnerable populations. Since its launch, the initiative has helped deliver over 1,400 housing units, supported more than 40,000 individuals with direct services, and provided over 500 homeownership grants. Current efforts include launching a community land trust, expanding neighborhood studies, and developing new housing prototypes. At its midpoint, Housing GSO is aligning with the Road to 10,000 and updating its strategy using new data, planning tools, and a forthcoming housing dashboard. Economic development is not only about buildings, it’s about people. We continue to work closely with our partner agencies to foster job creation and entrepreneurship, particularly for young people and historically underrepresented communities. This budget includes targeted investments in workforce development, focusing on training and pathways into careers with the generational investments we have seen in recent years. It also emphasizes support for small businesses, including technical assistance, access to capital, and expanded outreach to minority- and women-owned enterprises.

Recommended FY 25-26 Budget