Fiscal Year 2025- 2026 Recommended Budget

TOTAL BUDGET - EXPENDITURES

The FY 25-26 recommended net budget (for all funds) of $828,143,00 2 is $26,131,735 million, or 3.3%, higher than the revised FY 24-25 budget. The Infrastructure service area is the largest portion of the total budget, at $425.2 million, or 51%, of the total net budget. The service area budget is $4.9 million more, a 1.2% increase, than the revised current year budget. The Water Resources Fund increases from $187.7 million to $192.4 million, a difference of $4.7 million. Balancing current financing, or “pay-as-you-go” capital project financing with debt financing, Water Resources will transfer $29.1 million to various capital reserve and capital improvement funds for significant system maintenance projects. The Stormwater Management Fund decreases by $500,000 which includes $2.8 million in transfers to capital project funds for additional maintenance and expansion project support. The Greensboro Transit Agency Fund increases $2.4 million to support program enhancements including expansion of the popular downtown trolley and CrossMax routes for cross-town and more frequent services. The Public Safety service area increases from $201.9 million to $214.0 million, or $12 million. This is the second largest service area, accounting for 26% of the net budget. The budget delays the police vehicle take home program with the planned purchase vehicles continuing in FY 26-27. Since implementation in FY 20-21, eighty patrol vehicles have been added. Additional technology costs of $2 million support advancement of the Real Time Crime Center and other programs within the Police department budget. The budget also includes continued funding for community-based violence interruption programs to decrease violent crime through neighborhood engagement. The General Government service area increases from $69.4 million to $78.9 million, by $9.6 million. Increases are primarily due to increasing projected claims costs for employee insurance in the Risk Retention Funds and reorganizations in the Executive department including the move of utilities to the Office of Sustainability from the Engineering & Inspections department and Code Enforcement from the Housing and Neighborhood Development department. This service area accounts for almost 10% of the budget. The Community Services service area remains approximately the same as the current fiscal year at $62.5 million, and represents approximately 7% of the overall budget. The decrease is primarily due to the transfer of the Code Enforcement division of Housing and Neighborhood Development to the Executive department. The Parks & Recreation Budget of $32.6 million will support over 2,000 program hours and continued implementation and planning for the opening of the Windsor-Chavis Nocho community center in FY 26-27. The budget does include some adjustments to recreation center operating hours during underutilized times to help reduce expenditures. The Nussbaum Housing Partnership Revolving Fund FY 25-26 budget is increasing by $1.8 million, of which $440,000 will continue funding for the Tenant Education Advocacy Mediation (TEAM) program expansion and the remaining is for other homeless prevention activities. The Debt Service area decreases from $47.9 million to $47.5 million, or 6% of net budget expenses. The Debt Service Fund expenditures include principal and interest payments for all outstanding general obligation bonds, including $126 million in bonds approved by voters in 2016 and $135 million in bonds approved by voters in 2022. The 2022 Bonds include funding for Parks & Recreation, Housing, Libraries, Police, Fire, and Transportation projects. Funds are also included for critical software, systems, and security, and are supported through a transfer of $1 million to the Capital Leasing Fund from the General Fund. The transfer from the General Fund was decreased by approximately $1 million to assist with balancing the budget for FY 25-26. The FY 26-27 projected budget is $38.8 million, or 4.7%, higher than the recommended FY 25-26 budget. Personnel costs increase $4.6 million, or 1.4%, from $338.2 million to $342.8 million, representing more than 41% of the overall budget. The recommended budget includes a net decrease of 5.9 full-time equivalent (FTE) positions across all funds and departments. This is primarily due to the elimination of 23 FTEs related to the reorganization of the Coliseum Complex to private management. Without this decrease, the budget includes a net increase of 17.1 FTEs.

Recommended FY 25-26 Budget

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