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I’m pleased to share that the City continues to maintain a strong and stable financial position. This strength allows us to provide important services, invest in our community and plan for the future without placing an extra burden on taxpayers.
Both Moody’s and S&P Global recently confirmed the City’s high credit ratings of Aa1 and AA+ for the $40 million in general obligation bonds to be issued in March 2026 as part of the $97 million approved in the 2022 referendum. These affirmations reflect our long-standing commitment to sound financial management, including careful fiscal policies and long-term planning for our capital needs.
Our 5-year Capital Improvement Plan guides smart investments in projects that improve residents’ quality of life, while a debt capacity model helps us manage funding responsibly.
In Fiscal Year 2025, the City ended the year with a strong audit. Our general fund balance grew by $3.3 million from last year, reaching nearly $27 million, a 4.24% increase. Spending was kept under control, coming in 9.4% below budget, while total general fund revenue totaled $220.2 million.
This strong financial position allows us to keep the City’s property
tax rate at its lowest level in 30 years. It also means we
can maintain infrastructure, support public safety and fund community programs. Our team works around the clock to make sure we’re using taxpayer dollars wisely and building a Fayetteville that continues to grow and thrive.
I also want to take a moment to recognize our engineers during Engineers Week. Their work touches nearly every part of our daily lives, from maintaining our roads and stormwater systems to planning and improving parks, public buildings, and other important infrastructure throughout the ‘Can Do’ City. Thanks to their expertise and dedication, we can continue to keep our communities safe, efficient and ready for the future.
Best,
Dr. Douglas J. Hewett
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