Michael Osborne

Advisory Board Policy Updates

FY28 Parks Budget Priorities

The purchase costs $961,950 (about $1.02 million with due diligence and closing), with a possible $500,000 state grant offset.

FY27 Budget and Proposed 2-Cent Tax Increase

5% higher electric bills for most customer classes; higher permit and zoning fees.

Electric Fund Write-Offs

Removes $33,482.96 from the books as uncollectible, though collection efforts continue.

FY 2028 Budget Calendar

2027 Property Revaluation

Your assessed home value will likely rise around 18%, but your actual tax bill depends on the rates the county and town set next year.

Planning department staffing changes

State SNAP Cost-Shift Threatens Town Sales Tax Revenue

Potentially about $592,000 in withheld sales tax revenue annually for Cornelius under current estimates.

Commissioner Sansbury Resignation

State HB1089 Property Tax Limits

Could constrain future town revenue if enacted by the state legislature.

PAVE Act sales tax and FY27 road funding

The town owes an estimated $45 million in NCDOT matches against about $19 million available; the new sales tax is projected to bring $2.16 million in the first six months of FY27.