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CITY OF CHARLOTTE

MANAGEMENT & FINANCIAL SERVICES


Office of Strategy & Budget

FY2017 Operating Budget Overview


Recommended Fiscal Year (FY) 2017 Operating Budget and
FY2017-FY2021 Community Investment Plan
Structurally balanced and sustainable
Sufficient reserves to protect the Citys triple-A bond rating
Enhances services and investments based on the Mayor and Councils policy priorities
Maintains current services and commitments
Fulfills the Mayor and City Councils compensation philosophy for employees

The total FY2017 budget is $2.45 billion, with $1.29 billion for operating expenditures and
$1.16 billion for capital expenditures (all funds). The General Fund operating budget totals
$634.9 million.

Revenue and Finance: Tax Rate and User Fee Cost Recovery

Property Tax Rate: The property tax rate for FY2017 is 47.87 per $100 of assessed valuation,
which remains unchanged from FY2016. The FY2017 assessed value is estimated at
$93.83 billion, with an estimated collection rate of 98.1%.

Fund
General Fund
Debt Service
Pay-As-You-Go Capital
Total

FY2016
Tax Rate
37.41
9.26
1.20
47.87

FY2017
Tax Rate
37.41
9.26
1.20
47.87

Change from
FY2016 to
FY2017
0.00
0.00
0.00
0.00

General Fund User Fees: the subsidy for regulatory user fees decreased from 7.6% in FY2016
to 5.2% in FY2017, representing an additional $0.7 million being offset by fees
- FY2017 fees are consistent with the City Councils policy of achieving 100% cost
recovery for regulatory user fees; a few minor exceptions were granted to avoid
significant jumps in price from year to year, ensure regulatory compliance, and
account for service costs that may include or be dedicated to public involvement

The tax and fee impact to an average homeowner is outlined in the following chart:
City of Charlotte taxes & fees 50th Percentile

Prior Year
FY2016

Property Taxes on $141,100 home


Solid Waste fee (Residential)
Water & Sewer (Average user rate)
Storm Water (Average user rate)
Total Annual
Total Monthly

$675.45
$25.00
$701.40
$97.56
$1,499.41
$124.95

FY2017
$675.45
$33.00
$731.88
$97.56
$1,537.89
$128.16

$
Change

%
Change

$0.00
$8.00
$30.48
$0.00
$38.48
$3.21

0.0%
32.0%
4.3%
0.0%
2.6%
2.6%

www.charlottenc.gov | 600 East Fourth Street | Charlotte, NC 28202 | PH: 704.336.2306

CITY OF CHARLOTTE
MANAGEMENT & FINANCIAL SERVICES
Office of Strategy & Budget
General Fund

The FY2017 total General Fund budget is structurally balanced, enhances services and
investments based on the Mayor and Councils policy priorities, maintains current services and
commitments, and fulfills the Councils compensation philosophy for employees. Key
expenditures include:
- Increase to public safety personnel:

88 police positions (63 sworn; 25 civilian)

18 firefighters for a new ladder company in the Northlake Mall area


- 44 new positions added outside of public safety most have external funding sources,
many of which are funded fully or in part with fees to meet demand for development,
by enterprise funds, or the Community Investment Plan
- Increase in the Solid Waste Fee for Single Family and Multi-Family customers by $8
annually (from $25 to $33 in FY2017)
- Increase the General Fund by $164,000 to fund an additional litter control crew to
Solid Waste Services
- Increase the General Fund by $320,000 to fund an additional street sweeping crew to
Solid Waste Services
Enterprise Funds

Charlotte Douglas International Airport


- Lowest enplanement cost among large hub airports at $1.43 (75.3% lower than the
next closest American Airline hub airport)
- Operating budget $149.7 million, an increase of 3.4%
- FY2017-FY2021 capital investment $1.61 billion

Charlotte Area Transit System (CATS)


- No basic fare increase
- Recommended as adopted by the Metropolitan Transit Committee (MTC)
- Operating budget $123.2 million, an increase of 3.5%
- FY2017-FY2021 capital investment $568.9 million

Charlotte Water
- Rate increase of $2.54 per month (4.36%) for the typical user
- Cost per gallon of water approximately 0.36
- Operating budget $135.3 million, an increase of 8.3%
- FY2017-FY2021 capital investment $655.2 million

Storm
-

Water Fund
No rate increase
Operating budget $14.5 million, an increase of 5.2%
FY2017-FY2021 capital investment $354.7 million

Community Investment Plan

November 2016 bond referendum of $218.4 million, new and expanded projects include:
- Idlewild Road/Monroe Road Intersection Additional $1.9 million (total $6.1 million)
- Neighborhood Transportation Program - $5.0 million
- Cross Charlotte Trail South Charlotte Connector - $3.0 million
- Southend Pedestrian/Bicycle Connector - $2.0 million
- SouthPark Comprehensive Neighborhood Improvement Project - $10.0 million

FY2017 Budget Adoption is scheduled to take place during the June 13, 2016, Council
Business Meeting

www.charlottenc.gov | 600 East Fourth Street | Charlotte, NC 28202 | PH: 704.336.2306