Title
Fiscal Year 2025 Operating Budget and Fiscal Years 2025-2029 Capital Investment Plan
Action
Action:
Adopt the Fiscal Year (FY) 2025 Appropriations and Tax Levy Ordinance, the FY 2025 Compensation and Benefits Recommendations, and other items related to the Annual Budget Ordinance adoption:
A. The FY 2025 Operating Appropriations and Tax Levy Ordinance,
B. The FY 2025 - 2029 Capital Investment Plan,
C. The FY 2025 General Solid Waste Fee,
D. The FY 2025 Storm Water Services Fees,
E. The FY 2025 Transit Operating Budget, FY 2025 Transit Debt Service Budget, and FY 2025 - 2029 Transit Capital Investment Plan which was approved by the Metropolitan Transit Commission on May 29, 2024,
F. The FY 2025 Charlotte Water Rates,
G. The FY 2025 Compensation and Benefits Plan and associated Human Resources contracts,
H. Outside Agency and Municipal Service District contracts,
I. Approve American Rescue Plan Act funding,
J. Adopt a budget ordinance appropriating $4,162,450 in interest earnings to the American Rescue Plan Act Fund, and
K. Approve other Budget items.
Body
Committee Chair:
Dimple Ajmera, Budget, Governance and Intergovernmental Relations Committee
Staff Resource(s):
Marcus Jones, City Manager's Office
Ryan Bergman, Strategy & Budget
Teresa Smith, Finance
Policy
* As required by Chapter 159 of the NC General Statutes, the City of Charlotte adopts annual appropriations and a tax levy ordinance and considers related actions by July 1 of each fiscal year.
* The annual budget is an instrument that establishes policy. The budget identifies and summarizes programs and services provided by the city and how they are funded. It is the annual plan that coordinates the use of revenues and associated expenditures.
Note that applicable sections below have been modified to match the substitute motion that was approved at the June 10, 2024 Business Meeting by Council. Red text was added, and strike through text represents items that were changed by t...
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