Fiscal Year 2022-23 Budget

Development of a balanced budget is a fundamental responsibility of local governing bodies; North Carolina General Statutes govern the requirements of the budget development process.

The development of the FY2023 budget began in November 2021. The Davidson Board of Commissioners and town staff developed the town’s two-year strategic plan in early 2022, with approval coming in April 2022. Concurrently, town staff considered the merits of budget requests as revenue projections were calculated. Cost estimates were based on historical trends or actual quotes. The proposed budget emerged as expenses were prioritized by needs of the town and alignment with the Davidson Strategic Plan.

July 1, 2022 - June 30, 2023 Fiscal Year Schedule

May 10: The Manager's Recommended budget is presented to the Davidson Board of Commissioners

May 24: Public hearing and board of commissioners discussion on the budget at board meeting at Davidson Town Hall

June 14: Budget ordinance will be considered for approval by the board at board meeting at Davidson Town Hall

Information regarding budget items to be discussed at the above meetings will be found attached to the published agendas here, and all documents will also be published on this webpage.

All residents are encouraged to participate in the budget process, and especially to participate in the May 24 public hearing.