Posted on June 19, 2013 14:25
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.