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Tuesday, September 30, 2014

Budget Work Session

Budget Work Session

Wednesday, June 6

A budget work session was held Wednesday following the public hearing of the recommended budget at the City Council meeting on Tuesday, June 5.  No substantial changes were made to recommended budget during the budget work session on Wednesday, June 6. Highlights of the budget include:

  • A hold-the-line budget that maintains core services but does not include any significant increases for new or enhanced services.
  • Proposed a 3-cent tax increase that would provide dedicated funding for needed maintenance and infrastructure, such as street and sidewalk repairs and paving, which have been put on hold during the economic downturn. If approved, the funds would be put into a separate account to pay for a five-year maintenance plan that could not be used for anything else. According to the 2012 Citizen Survey, maintenance and infrastructure needs are the top priority for city residents.
  • According to data from the 2011 New Hanover County property revaluation, even with the increase, more than 50% of property owners would still pay the same or less in taxes because of decreased property values.
  • Council directed staff to move $66,000 from another account to put $30,000 back into funding for non-profits to restore their funding amounts to the same as last year's, and
  • $36,000 additional funding for WAVE Transit.

A second and final vote of the budget is scheduled for the June 19 council meeting.

Click here for more information about the 2012-13 recommended budget.

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