Mayor Nancy Vaughan | Mayor Nancy Vaughan Official Photo
Mayor Nancy Vaughan | Mayor Nancy Vaughan Official Photo
At its June 20 meeting, the Greensboro City Council adopted the $751.3 million budget for Fiscal Year 2023-2024. The fiscal year begins July 1.
The budget includes a City property tax rate of 67.25 cents per $100 property valuation, while water and sewer fees will increase 8.5 percent.
The proposed budget meets the challenge of increased demand for development with additional resources dedicated to development review efforts to expedite the City’s development review process. It addresses the increased pace of growth with new positions in Fire, Planning, Engineering and Inspections, Transportation, and Water Resources departments, and provides additional resources for economic development incentives and to cover inflationary increases for goods and services.
The City maintains one of the lowest water rates compared to other North Carolina cities.
The approved budget reinforces the City’s goal to attract the most skilled workforce in a difficult labor market by providing competitive pay structures for City employees, increasing employee minimum wage and increasing starting salaries for police officers by 18.6 percent.
The adopted budget will be published at www.greensboro-nc.gov/budget in July.
Original source can be found here
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