Kannapolis City Council members have approved the Fiscal Year 2016 budget. The FY 2016 Total Budget is $59,539,383 and includes a three cent increase in the property tax rate to cover the cost of acquiring downtown properties, investments in economic development and job creation, implementing a strategic plan for revitalizing the downtown, paying for the new City Hall and Police Headquarters, and establishing the Department of General Services.
The property tax rate is .63 cents per $100 val...
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