County Manager Dena R. Diorio presented her Fiscal Year 2020 Recommended Budget to the Mecklenburg Board of County Commissioners (BOCC) today.
The $1.9-billion Recommended Budget is an increase of $158 million, or 9.1 percent, over the current Fiscal Year 2019 operating budget. It rolls back the tax rate 25 percent from 82.32 cents to 61.69 cents per $100 of assessed value.
For example, if a $250,000 home increased by 40.41 percent, following the revaluation, then the new value of the home will be $350,000. When calculated with the Manager’s proposed tax rate of 61.69 cents, the tax increase will equal less than $9 a month.
Funding highlights include:
Public Health Funding
Department of Social Services Funding
Affordable Housing Funding
MECK Pre-K and Early Childhood Education Funding
Mental Health Support Funding
Park and Greenways Funding
Reducing Racial Disparities Funding
Employee Investments Funding
Sheriff’s Office Bonuses
Charlotte-Mecklenburg Schools Funding
Central Piedmont Community College Funding
Next Steps:The BOCC will hold a public hearing to receive input on the FY2020 Recommended Budget on Thursday, May 9 at 6 p.m. in the Charlotte-Mecklenburg Government Center Meeting Chamber. Residents can register to speak here. Following the public hearing, the Board will hold a Straw Vote session on May 28-29, 8 a.m. – 5 p.m., in the Valerie C. Woodard Conference Center, 3205 Freedom Drive, Suite 4009, Charlotte. The Board is scheduled to adopt the Fiscal Year 2020 Recommended Budget on Tuesday, June 4. The Fiscal Year 2020 Budget will take effect July 1, 2019.
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