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2019-20 Recommended Budget

Post Date:05/08/2019 3:15 PM

On May 7, the recommended budget was presented to City Council. The public hearing will be held on May 21. State law requires two votes on the budget at two separate meetings, which will occur on June 4 and June 18. Included below are highlights of the budget and key dates.

Recommended 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.

Proposed 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, averaging 18% increase

Key dates

  • May 21 - Public hearing
  • May 24 - Proposed City Council work session
  • June 4 - First of two City Council votes on budget
  • June 18 - 2nd and final vote of budget

Information

On Wednesday, May 9, the full recommended budget and presentation to City Council will be available on the city’s website at www.wilmingtonnc.gov/budget.

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