Charlotte City Manager Proposes FY 2021 Budget

Posted By: Wesley Masters Industry News,

The Proposed FY 2021 General Fund Budget is $718.8 million, a 1.22 percent or $8.8 million decrease from last year. The total budget is $2.55 billion and supports initiatives that will continue to deliver services to the community. Some highlights of the Budget include:
• No property tax increase
• No reduction in core services
• No capital project delays due to financial impacts
• No use of one-time revenues such as operating reserves
• No layoffs or furloughs 
• Invests $50 million in Affordable Housing, completing a $100M investment over 2 bond cycles
• Invests $24.5 million in the city’s designated Opportunity Corridors 
• Maintains level funding for all of the city’s existing financial partners…..

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