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2019-20 City Budget

Post Date:06/11/2019 11:00 AM

The recommended budget for fiscal year 19-20 was approved by City Council on June 18. Included below are highlights of the new budget.

Budget highlights

Total budget: $200.6 million (Includes General Fund and all fee-based enterprise funds)    
General Fund only: $113 million

  • Core services maintained
  • No tax rate change
  • Continued funding for:
  • Funding to make pay more competitive for operational positions such as public safety personnel, stormwater and solid waste workers
  • Increased funding for emergency response in wake of Hurricane Florence
  • Strong savings (fund balance) for emergencies of $22 million
  • Increased funding for workforce/affordable housing
  • Expanded funding for programs for at-risk youth
  • Increased funding for targeted neighborhood cleanup
  • Funding to implement new short-term lodging regulations
  • Support for planned YMCA natatorium - $120,000 a year for 10 years
  • Second year of three-year payout for Small settlement
  • Convention Center fund to begin paying back $2.1 million to city for land purchase - $250,000 a year. This reimbursement has long been planned; increased number of conventions and other events after adjacent Embassy Suites Hotel opened has expedited this payment.

Fee increases

  • Monthly stormwater fee increase of 8 cents - from $8.19 to $8.27 for the average home
  • Various fee increases at Municipal Golf Course

Information

The full budget document for FY 19-20 will be posted as soon as possible. Prior years' budgets are available at www.wilmingtonnc.gov/budget.

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