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Thursday, November 27, 2014
News - Archives By Year

Council OKs new budget


  


     
The Wilmington City Council adopted the 2013-14 fiscal year budget at their meeting on Tuesday, June 18. According to state law, city governments cannot have deficits – they must have a balanced budget in place by July 1 of each year for the fiscal year that runs from July 1 through June 30.

This year’s budget totals $141 million, including the $88 million General Fund and all fee-based services.

Highlights of the 2013-14 Adopted Budget:

  • No property tax increase
  • Core services maintained
  • 2% pay raise for employees; additional 1.5% pool to be used for performance-based merit pay for eligible employees
  • Strong savings (fund balance) for emergencies of about $25 million
  • Continued funding for 5-year infrastructure improvement plan
    • 5¢ of the current 45¢ property tax rate funds a five-year plan to make $41 million worth of repairs and improvements – such as street repaving and work on public facilities such as the Riverwalk – that had been put on hold during the economic downturn. 
  • Continued public safety investment, including funding a full year’s funding for the WPD’s new Mobile Field Force as well as the purchase of a new ladder fire truck
 
Fee increases include:
  • Golf: $1 per nine holes
  • Stormwater: 6% (about 34¢ per month for average homeowner)

 
Click here to view the City Manager’s introductory letter that summarizes highlights of the newly adopted budget. 

 
Visit the 2013-14 Adopted Budget page.



 
 

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