The Cabarrus Compass

The Cabarrus Compass

Concord city manager proposes $402.4 million budget with no property tax increase

Spending plan would boost funding for transportation, affordable housing and public safety while adding 18 firefighter positions and supporting major infrastructure projects.

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Chris Miller
May 29, 2026
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Screenshot of the proposed budget on the city’s website.

Concord City Manager Lloyd Payne has proposed a $402.4 million budget for fiscal year 2027 that would maintain the city’s current property tax rate while continuing investments in transportation, affordable housing, public safety and infrastructure.

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