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The original item was published from 5/5/2009 3:10:00 PM to 6/7/2009 12:00:05 AM.

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Posted on: May 5, 2009

[ARCHIVED] City Manager Presents City Council Initial Budget Proposal

At the May 4 City Council work session, City Manager Harold Owen presented Council with city staff's initial budget proposal for Fiscal Year 09-10.

The presentation spoke on the tough decisions staff had to make regarding revenue shortfalls in light of the current economic conditions. Despite serious obstacles, staff was able to propose a revenue neutral tax rate of $.59 per $100 of assessed value. This new tax rate is a reduction from the current $.625 rate as a result of the recent county property revaluation. The city is required to maintain a revenue neutral rate.

Additional information is available on the Budget Proposal Presentation linked below.

As for the City's Water Resources funds, staff is proposing a 5% increase in both water and sewer rates. This will result in an extra $1.83 per month for an average residential user. Even with the rate increase, the City will be operating with a budget 3% less than FY08-09. Burlington rates continue to be some of the lowest in North Carolina.

For additional information on water and sewer rates, as well as a comparison of rate to other NC cities, please click on the Budget Proposal Presentation link below.

Budget Proposal Presentation
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