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City Council Approves Budget with Minor Changes

FOR IMMEDIATE RELEASE
Tuesday, June 14, 2011

Contact: Corporate Communications & Marketing
704-336-2396


The City Council approved the City’s FY 2012 and FY 2013 Strategic Operating Plan and FY 2012 – FY 2016 Capital Investment Plan during their business meeting on Monday, June 13. The budget includes a revenue-neutral City property tax rate, decreasing it from the current 45.86¢ to 43.70¢ per $100 valuation. The combined operating and capital plans would total $1.67 billion for FY 2012 and $1.71 billion in FY 2013. 
 
The majority of City Manager Curt Walton’s recommendations were approved:

General Fund 

  • $3.3 million increase in CMPD’s budget
  • $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
  • $2.0 million of additional funding for the Freedom Dr. widening project, bringing the total project to $27.3 million 

Non-General Fund 

  • 8.8% water/sewer rate adjustment for most residential customers
  • 6.5% storm water fee adjustment for most residential customers

Benefits and Compensation

  • No merit increases or step pay plan adjustments for public safety or broadband employees
  • 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 current year savings targets

While Council approved many of the City Manager’s recommendations they did make several adjustments which included:

  • Restoring funding for the new streets lights program – using $445,446 from the Criminal Justice Technology Reserve
  • Deferring increased payments from CMS for school resources officers using $958,426 from Capital Reserves
  • 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
  • Deferring approval of the City’s $10 million contract with the Charlotte Regional Visitors Authority until further discussion during the Council’s next business meeting on Monday, June 27

Full details about the budget can be found by visiting citybudget.charmeck.org.