Kannapolis City Manager Mike Legg presented the proposed Fiscal Year 2020 budget to the Kannapolis City Council Wednesday evening. The proposed FY 2020 budget is $75,513,726 which includes all seven operating funds of the City. The budget includes no property tax increase.
If approved, the current tax rate will remain at .63 cents per $100 valuation - a home valued at $150,000 will pay $945 annually in property taxes for all City services.
The City’s budget is composed of two primary...
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