City Council Considers Possible Budget Cuts
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CHARLOTTE, NC — Charlotte’s budget shortfall has grown to nearly $22 million. City Council is looking at ways to cut costs.
They heard a number of possible options Wednesday. The one nobody wants is a property tax increase. Covering the budget gap would add about $37 a year to the tax bill for the owner of a $151,000 home. Other options include cutting spending on employee travel and training and eliminating currently frozen positions.
“We are going to take every cut and reduction that we are experiencing from the state, and we’re going to try to fix it so that the taxpayers do not pay more this year,” said Vi Lyles of Charlotte City Council.
The budget gap is blamed on a state tax cut and an unexpected drop in property tax values. There are several more budget workshops and a public hearings before City Council approves the budget in June.