Title
Fiscal Year 2020 Operating Budget and Fiscal Years 2020 - 2024 Capital Investment Plan
Action
Action:
Adopt the Fiscal Year (FY) 2020 Appropriations and Tax Levy Ordinance, the FY 2020 Compensation and Benefits Resolution, and other items related to the Annual Budget Ordinance adoption:
A. The FY 2020 Operating Appropriations and Tax Levy Ordinance,
B. The FY 2020 - 2024 Capital Investment Plan,
C. The FY 2020 General Solid Waste Fee,
D. The FY 2020 Storm Water Services Fee,
E. The FY 2020 Transit Operating Budget and Debt Service Budget, which was approved by the Metropolitan Transit Commission on April 24, 2019,
F. The FY 2020 Charlotte Water Rates,
G. The FY 2020 Compensation and Benefits Plan and associated Human Resources contracts,
H. Outside Agencies and Municipal Service Districts Contracts, and
I. Other Budget Items.
Body
Committee Chair:
Greg Phipps, Budget and Effectiveness Committee
Staff Resource(s):
Marcus Jones, City Manager
Sabrina Joy-Hogg, City Manager's Office
Phil Reiger, Strategy and Budget
Policy
* As required by state law, 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 the how they are funded. It is the annual plan that coordinates the use of revenues and associated expenditures.
Background
* The annual budget ordinance is presented in accordance with the City Manager's Proposed FY 2020 Budget on May 6, 2019, and subsequent City Council budget adjustments.
* The FY 2020 Budget is structurally balanced and focuses on four new strategic priorities: Economic Development, Neighborhood Development, Transportation and Planning, and Well-Managed Government.
* The budget development process includes input from the community, city departments, and the Mayor and City Council. To facilitate input, the ...
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