The Mecklenburg Board of County Commissioners adopted the Fiscal Year 2020 Budget during its regular meeting Tuesday night. The budget takes effect July 1, 2019.
The $1.9-billion 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 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
Mecklenburg County government operates on a fiscal year that runs from July 1 through June 30. To learn more about the County budget, click here.
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