Curt Walton presented his proposed Fiscal Year 2009 Strategic Operating Plan and 2009—2013 Capital Investment Plan to City Council on Monday, May 5. In his presentation, Walton highlighted the local Charlotte economy. While slowed by national economic conditions such as rising unemployment, growing inflation rates and a housing market downturn, the City still welcomed 13,000 new residents, witnessed 14,000 new jobs, and added 17.4 million square feet of commercial building space. This growth and development drive the City's economy and enhances its quality of life, but it also strains the City's ability to provide service and infrastructure even during periods of reduced economic activity.

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