Manager's Proposed Budget Contains Property Tax Increase

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by Anthony Burman

CHARLOTTE, N.C.-- Charlotte's new City Manager is proposing a tax increase to pay for $816 million worth of capital improvement projects.

Manager Ron Carlee presented his $1.97 billion budget to City leaders Monday night, which calls for a 7.25 percent property tax increase, which means the owner of a $200,000 home would pay about $63 more per year.

The budget proposes a 2.3 percent cost of living increase for city employees as well as the $816 million capital improvement package, which is similar to the one voted down by Council in 2012 except without the street car.

"What I brought forward are some options for the council to begin looking at different pieces of the budget and to set some priorities in a way that will achieve a consensus across the council," said Carlee.

The public hearing for the budget is on May 13. Council plans to adopt the budget at a June meeting.

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