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File #: 15-15629    Version: 1 Name:
Type: Public Hearing Item Status: Agenda Ready
File created: 4/15/2021 In control: City Council Business Meeting
On agenda: 5/10/2021 Final action:
Title: Public Hearing on the Proposed Fiscal Year 2022 Operating Budget and Fiscal Years 2022-2026 Capital Investment Plan
Attachments: 1. Proposed FY 2022 Budget Book - City Manager's Letter, 2. Proposed FY 2022 Budget Book - Executive Summary
Title
Public Hearing on the Proposed Fiscal Year 2022 Operating Budget and Fiscal Years 2022-2026 Capital Investment Plan

Action
Action:
Conduct a public hearing on the City Manager's Proposed Fiscal Year 2022 Operating Budget and Fiscal Years 2022 - 2026 Capital Investment Plan.

Body
Committee Chair:
Ed Driggs, Budget and Effectiveness Committee

Staff Resource(s):
Marcus Jones, City Manager's Office
Ryan Bergman, Strategy and Budget
Kelly Flannery, Finance

Explanation
* On May 3, 2021, the City Manager presented the Proposed Fiscal Year (FY) 2022 Operating Budget and FY 2022-2026 Capital Investment Plan. The proposed budget represents the city's proposed operating and capital budgets for the fiscal year which begins July 1, 2021.
* State law requires the city hold a public hearing following the presentation of the Manager's Proposed Budget and prior to the City Council adoption of the budget, currently scheduled for June 14, 2021.
* Charlotte's Proposed FY 2022 Budget was developed to lead the City of Charlotte toward addressing the most foundational and pressing needs of the city.
* In compliance with North Carolina General Statute 166A-19.24. Remote meetings during certain declarations of emergency, written comments on the public hearing topic will be accepted by the Clerk's Office through May 11, 2021, at 11:59 p.m. Any additional comments received will be provided to Council.

Proposed FY 2022 Operating and Capital Budgets' Summary
* The City Manager's Proposed FY 2022 Operating Budget and FY 2022-2026 Capital Investment Plan were developed consistent with the City Council's strategic priorities. These priorities served as the foundational elements against which all FY 2022 budget decisions were measured.
* The proposed budget includes a property tax rate of 34.81? per $100 of assessed valuation, which is the same as the past two adopted budgets.
* The proposed budget for the city consists of three major components supported by general tax revenues:...

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