At its June 18 meeting, the Greensboro City Council adopted a comprehensive $802.0 million budget for Fiscal Year 2024-2025, set to begin on July 1.

The approved budget maintains the property tax rate at 67.25 per $100 property valuation. To support essential infrastructure improvements, water, sewer, and stormwater rates will increase by an average of 9.1 percent, resulting in an average monthly increase of $4.59 for residential customers.

Key highlights of the budget include:

Employee Compensation:

• Introduce an $18.75 minimum wage.
• All employees will receive a four percent salary increase.
• Enhance support for public safety with additional positions for the Behavioral Health Team and the Transportation Department’s new Neighborhood Traffic Safety Program.

  
  Housing and Community Support:

• Continue commitment to affordable housing through the Housing GSO Plan.
• Support for the Tenant Education Advocacy Mediation program to better support renters.

   

  Infrastructure Services:

• Allocate of funds to repave 77 street segments.
• Add 22 miles of water and sewer lines.
• Continue the downtown Hopper trolley service.
• More frequent service on heavily used Greensboro Transit Agency bus routes.
• Invest more than $10 million in infrastructure and maintenance for the Bog Garden, Lake Townsend, neighborhood parks, and major corridor improvements.

The adopted budget will be published at www.greensboro-nc.gov/budget in July.