***Due to the Coronavirus-related orders issued by Mecklenburg County, GCAA office is open on a limited basis. Staff will be working in office Tuesday-Thursday until September 1 and are available by e-mail and phone. We also welcome visits from our members who have a scheduled appointment with one of our team members. Please check our website at www.greatercaa.org for timely updates and pertinent information. We thank you for your patience as we play our part in keeping our staff and broader community safe.***

Charlotte City Council Adopts Fiscal Year 2020 Budget

News ,

On Monday, Charlotte City Council adopted the $2.6 billion Fiscal Year 2020 Budget, which goes into effect on July 1. The FY 2020 Budget includes:

  • No property tax increase for the fiscal year, with a revenue neutral rate of 34.81 cents per $100 assessed valuation
  • Promoting the creation and preservation of affordable housing by doubling the 2020 affordable housing bond allocation from $25 million to $50 million
  • $7 million to be used primarily for Naturally Occurring Affordable Housing (NOAH)
  • Investing $1.8 million in Charlotte’s Eastside and Westside neighborhoods

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