Members of the Concord City Council unanimously approved the Fiscal Year 2025-2026 budget during the June 12, 2025, council meeting. The budget maintains the City’s current property tax rate while continuing to deliver the high-quality services to residents that distinguishes Concord as one of the nation’s best places for small businesses and families.
The total city-wide budget is $382,574,668 across all funds. The budget maintains the property tax rate of 42 cents per $100 of valuation. It also continues strategic investments in transportation, parks and recreation, and affordable housing - key priorities identified by Council as vital to the City’s future and managing growth.
“The budget ensures that Concord can continue to provide exceptional service without asking for more from taxpayers,” said City Manager Lloyd Payne. “Meeting this goal required difficult choices and strategic prioritization. We evaluated potential expenditures, challenged long-standing practices, and made tough decisions to ensure that every taxpayer dollar is used efficiently and effectively.”
Highlights of the Fiscal Year 2026 (FY26) budget include:
- $4.4 million dedicated transportation funding for street and sidewalk projects.
- $3.7 million for annual street resurfacing.
- $1.8 million for Parks & Recreation greenway projects to continue progress on City Council’s goal of 30 miles of greenway by 2030. This includes funding for construction of the first phase of the Clarke Creek Greenway – Cox Mill Loop.
- $1.8 million dedicated to affordable housing projects.
- Prioritizes public safety, including funding for four new police officers for Downtown Concord, and the construction of Fire Station #13 and the Communications & Emergency Operations Building.
- Supports the long-term resilience of the City’s utility infrastructure, funding vital water, stormwater, wastewater, and electric system projects.
- Encourages new economic opportunities for residents.
- Supports the continued development of Concord as a regional destination, including through the parks and recreation bond projects, events in Downtown Concord and transformative projects like the McGill Reuse Project.
A complete copy of the FY26 budget is available in the City Clerk’s Office and online at concordnc.gov/budget.