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File #: 15-23990    Version: 1 Name:
Type: Strategy Session Status: Agenda Ready
File created: 1/23/2025 In control: City Council Annual Strategy Meeting
On agenda: 1/27/2025 Final action:
Title: City Budget Look Ahead
Attachments: 1. Budget Outlook 1.27.2024
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideoAudio
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Title

City Budget Look Ahead

 

Body

Time: 2:15 - 3:45 p.m.

Marcus Jones, City Manager

Marie Harris, Interim Strategy & Budget Director

 

A deep dive into how the city’s budget is built, what are the key components of the budget including what percentage of the budget is General Fund vs. Enterprise Funds, what ‘hard costs’ are in the budget (i.e. personnel) and what are the key considerations as we start to develop the FY26 budget.

 

Goals:

§                     Use this presentation and accompanying pre-read as a reference document and resource throughout budget development and beyond.

§                     Understand the limitations of the General Fund’s most significant funding source, property tax, and how growth can both support and strain city operations.

§                     Be informed for FY 2026 budget development conversations and some of the challenges and opportunities on the horizon.