Proposed County Budget Maintains Tax Rate and Reduces Spending

The proposed $204 million Cabarrus County budget for fiscal year 2012 (beginning July 1, 2011), maintains the property tax rate at 63-cents per $100 valuation and decreases spending by 8.56% compared to amended fiscal year 2011 general fund expenditures.

County Manager John Day presented the proposed budget at the board’s May 16 regular meeting. In his message to commissioners, Day notes that “the county organization has successfully restructured and adapted to the new reality brought about by the Great Recession.” Day attributes this success to “strong, conservative financial management policies in place well before the economic collapse.”

The Cabarrus County Board of Commissioners will discuss the proposed fiscal year 2012 county budget at budget workshop meetings to be held May 24, May 31 and June 1 at 3:30 pm each day at the Cabarrus County Governmental Center at 65 Church Street in Concord.

Much of these discussions are expected to focus on the five-year financial plan. The proposed budget freezes spending at the FY 2012 level for the next four years.

A public hearing and adoption of the final budget is scheduled for Monday, June 20 at 6:30 pm in the Commissioners’ Meeting Room at the Cabarrus County Governmental Center, 65 Church Street in Concord. Citizens are invited to attend and present written or oral comments.

The 2012 preliminary budget can be viewed on the Cabarrus County website at www.cabarruscounty.us/Finance/preliminarybudget2012.html.