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City of Charlotte Budget & Evaluation
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FY2012 & FY2013 City Budget adopted by City Council
The Charlotte City Council adopted the FY2012 & FY2013 Operating Budget along with the FY2012–2016 Capital Investment Plan (CIP) on June 13, 2011. The FY2012 & FY2013 budget for both operating and capital totals $1.67 billion in FY2012 and $1.71 billion in FY2013.
The recent Mecklenburg County property revaluation is reflected in the City’s FY2012 General Fund budget. The budget includes a revenue-neutral City property tax rate, decreasing it from the FY2011 rate of 45.86¢ to 43.70¢ per $100 valuation.
Key budget highlights include:
General Fund
- $1.9 million to address rising fuel and electricity costs
- $300,000 for additional refuse and recycling carts
- Restoring 1% contribution to non-law enforcement employee 401(k) program, increasing the contribution rate back to 3% from 2%
Capital Investment Plan (CIP)
- No bond referendum funding
- $1.9 million to renovate an existing building on the new Fire Headquarters campus for Fire Investigations
Non-General Fund
- 8.8% water/sewer rate adjustment for most residential customers (Please click here for additional Charlotte-Mecklenburg Utility rate information.)
- 6.5% storm water fee adjustment for most residential customers
Benefits and Compensation
- No merit increases or public safety step pay plan adjustments
- In lieu of a base pay compensation adjustment, the City Manager is authorized to grant to employees a one-time lump sum payment, up to 1% based on achieving FY2011 budget savings targets
City Council made the following adjustments to the City Manager’s recommended budget:
- Restored funding for the new streets lights program using the remaining $445,446 balance in the Criminal Justice Technology Reserve
- Deferred implementation of increasing the proposed School Resource Officer (SRO) payment formula using $958,426 of Capital Reserves. This change “skips” the first year increase to Charlotte-Mecklenburg Schools (CMS) and continues the cost sharing formula transition by FY2014 without extending the time period.
- Restoring another year of full funding for ImaginOn (Children’s Theatre), using $94,554 from Council Discretionary funds with a three-year funding phase-out by FY2014
For additional information or materials regarding the FY2012 and FY2013 budget process, please click here.
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