City Council Approves FY 2017-18 budget
Post Date:06/20/2017 7:15 PM
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|During its June 20 meeting, Greensboro City Council approved a $534.6 million budget for the 2017-18 fiscal year
“This budget continues our efforts to offer a sustainable, balanced budget that effectively responds to needs of the organization, strongly supports our valued employees, and commits resources to help us focus on public safety, infrastructure, economic development, and quality of life in Greensboro,” Westmoreland said. “It meets the needs of our growing city and further aligns our services with the priorities and expectations of City Council and the community.”
The approved budget maintains the current City property tax rate of 63.25 cents per $100 property valuation for the 8th consecutive year. While the current tax rate is 2.11 cents higher than the revenue neutral tax rate, it allows the City to dedicate additional funding for debt service to fully fund 2008, 2009, and 2016 bond referenda passed by Greensboro voters, to fund several Council directed employee compensation priorities and initiatives and increase overall funding for transit services (GTA) by more than $450,000.
To support on-going water and sewer maintenance, rehabilitation, regulatory, and capital replacement needs, a water and sewer rate increase of 3.25 percent for inside City users and 5.5 percent for outside City users is included, effective July 1. This equates to an average bill increase of $1.38 per month for inside City customers and $5.69 per month for outside City customers who use Greensboro’s water and sewer infrastructure. Despite the increase, Greensboro residents still maintain one of the lowest rates in North Carolina.
The approved budget also includes more than $1 million for nonprofit community groups. It also approved an average 3 percent merit increase for eligible City employees and a 7.5 percent market rate increase for all sworn police and fire employees. Finally, the budget also continues the City’s efforts to continue to offer employees a significant benefits package.
This budget continues Council’s objectives as the minimum wage for both part-time and full-time employees at $13 per hour, and roster position are moved to $11.50 per hour. In 2016, City Council approved an increase in the minimum wage of benefited City employees to $15 per hour by 2020.
For more information about the budget, visit the budget page..
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