Monday, June 24, 2024

Charlotte City Council approves budget with restored infrastructure funding

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Council members voted Monday night to approve Charlotte’s budget for the upcoming fiscal year, which begins next month.

Over the last two weeks, they had been debating whether to reduce a property tax rate increase from 1.5 cents to 1.37 cents. Lowering the size of the tax increase would have reduced the city’s Capital Investment Plan by $65 million. That meant spending less on sidewalks, uptown transportation improvements and other infrastructure projects, which some council members opposed.

The city reached a compromise to restore the $65 million. The city will still keep the smaller tax rate increase by instead spending less to resurface streets.

The budget passed in an 8-3 vote. Republicans Ed Driggs and Tariq Bokhari voted no, along with Democrat Renee Johnson.

The tax increase will amount to about $49 a year for the owner of a median-priced home in Charlotte.

The budget also includes:

  • A 5% salary increase for all hourly employees.
  • Increases the minimum pay for full-time city employees to $23 an hour, or almost $48,000.
  • A 4% raise pool for salaried employees.
  • Raises of up to 7.5% for police officers and firefighters.

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