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Wednesday, July 1, 2015
Budget and Research
What We Do
  • Ensure sensible control over city expenditures
  • Participate in city's overall financial management
  • Provide city officials with prompt and accurate budgetary services

The Wilmington City Council passed the budget for the fiscal year beginning July 1, 2015 and ending June 30, 2016 at their June 16 meeting. There were very few minor changes from the recommended budget below. The adopted budget will be posted on this page as soon as it becomes available.

 View the FY 2015-16 Recommended Budget

 View the presentation

 Watch a video of the presentation
 
Highlights
Total budget:
$144 million

(Includes General Fund and all fee-based enterprise funds)

General Fund only:

$95 million

 

  •  2.5¢ property tax increase to 48.5¢ per $100 assessed value   
    • 2¢ to help fund $55 million in transportation bond projects approved by voters in 2014
    • ½¢ to help offset cuts made by the NC General Assembly last year that eliminated $2.3 million in privilege license fees that businesses paid
    • Impact to average homeowner ($168,500* median home value in NHC) = $3.51 per month or $42.13 per year
  • Core services maintained
  • Strong savings (fund balance) for emergencies of about $28 million
  • Continued funding for 5-year infrastructure improvement plan
       
  • Funding for eight additional WPD detectives for more timely case management
     
  • Continued funding for youth violence reduction and police community engagement

 
Proposed fee changes

Stormwater: 6 percent (about 40¢ a month for average homeowner)
Solid Waste: $25 activation fee will be charged to all new accounts to cover the cost of trash cart delivery
Parking: Assorted changes for parking at Convention Center deck; doesn't affect on-street or other city deck rates

      
*Median home value in Wilmington according to Zillow Real Estate Network

Distinguished Budget Presentation Award

The Government Finance Officers Association of the United States and Canada (GFOA) presented an award of Distinguished Budget Presentation to the City of Wilmington for its annual budget for the fiscal year beginning July 1, 2013.

In order to receive this award a governmental unit must publish a budget document that meets program criteria as a policy document, as an operations guide, as a financial plan and as a communication device.

This award is valid for a period of one year only.  The City has been presented with this award for more than twenty (20) years.  We believe that our current budget continues to conform to program requirements and we have submitted it to the GFOA to determine its eligibility for another award.

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Wilmington, North Carolina 28402-1810
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