Ordinance #2026-00911, adopted 2026-06-01
Cornelius publishes no budget document, so everything here is read from the minutes of the meeting at which the board adopted it.
- Expenditures
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$40.7M
- Revenues
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$38.7M
- Gap
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$2.0M more spending than revenue, met from reserves and one-time funds
- Fund balance
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a net contribution of about $2,000 after one-time restricted funds
- Property tax
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17.31¢ to 19.31¢ per $100 of assessed value
- Ordinance
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#2026-00911
- Electric rate
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up 5% to cover wholesale power and capital costs
- Vote
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3 for, 2 against · Osborne and Sansbury opposed
No department breakdown, because the town does not publish one. Mooresville publishes five years of budget against actual spending as data, and Davidson publishes a departmental table as a PDF. Cornelius publishes neither: its budget page explains the process without any figures, and a scan of 160 pages of its own sitemap found no budget document at all. What is on this page is the board's own record of adopting the budget, which is the most detail that is currently public.