City of Rocky Mount Adopts New Budget
- Makenzie Page
- 33 minutes ago
- 2 min read
The Rocky Mount City Council has officially adopted the City's Fiscal Year 2027 budget, marking an important step as city leaders continue efforts to strengthen financial stability while maintaining services and investing in the community.
The adopted budget totals approximately $269.7 million and includes funding for core city services, infrastructure improvements, public safety, transportation, and utility systems. City leaders say the budget was designed to balance operational needs with long-term financial sustainability while avoiding the use of fund balance.
Among the highlights of the adopted budget are:
More than $6 million in utility infrastructure improvements, including electric, water, and sewer systems.
More than $2 million dedicated to street resurfacing and transportation improvements.
Continued investment in public safety equipment and apparatus.
Funding for technology and system upgrades to improve efficiency and customer service.
Continued support for downtown revitalization and economic development efforts.
A reduction in utility cost allocations that city officials say will provide relief to utility operations.
The budget also establishes a property tax rate of 69 cents per $100 valuation and includes a $30 annual motor vehicle license fee to support transportation and infrastructure needs.
The budget adoption comes during a period of heightened attention on the City's finances.
Over the past several months, Rocky Mount officials have worked closely with the North Carolina Local Government Commission following concerns related to financial management and oversight. City leaders have reported progress in stabilizing finances, improving revenue forecasting, strengthening financial controls, and aligning expenditures with sustainable revenues.
While city officials acknowledge there is still work to be done, they view the adoption of the Fiscal Year 2027 budget as another step toward restoring long-term financial stability while continuing to provide essential services and invest in the future of Rocky Mount.