The City of Hendersonville Released Proposed Budget for 2025-2026

The City of Hendersonville released its proposed budget for fiscal year 2025- 2026, and the City Council will hold a public hearing on June 5th ahead of the budget’s final passage.  

Top level overview of spending:  

• The proposed budget plans to spend $68,623,860, which includes services like water and sewer.

  • The proposed budget estimates that the city will collect $63,083,615 in tax revenue and about $5 million in special appropriations.  

Tax Revenue

• The proposed budget plans to keep property taxes the same $0.52 per $100 valuation, with no change compared to previous years, this generates an estimated $16.7 million in revenue. The Sales tax is expected to generate $8 million in revenue.

Items of note:

• The proposed budget lays out a 4.00% cost-of-living increase for all employees, while increasing the 401 (k) match from 2.00% to 3.00%, and reinstates a merit-based pay program.

  • Health insurance premiums are expected to increase by 33.9%.

• The budget implements a series of programs supported by FEMA efforts to improve the city’s public safety infrastructure and flood mitigation strategies. This is in addition to the efforts to recover from Helene.

• The proposed budget provides funding for Main Street revitalization efforts and projects.