CHARLOTTE, N.C. -- Homeowners in Charlotte won't see property tax hikes in the next year.
Charlotte city budget increases to $2.1 billion
That s part of the plan in Charlotte City Manager Ron Carlee s budget recommendations, which he released Monday night. The total recommended budget is $2.1 billion, a 6.5 percent increase from last year.
Everyone, however, will pay more in residential fees. The average homeowner is expected to pay $2 more per month for those water, sewer and storm water service fees.
The increase will fund a significant part of whole budget, but not all of it. The fees account for about 36 percent of the city s revenue, while property taxes make up about 20 percent.
In November, a bond referendum will asking for $146 million for transportation, neighborhoods and housing diversity.
Carlee calls the budget stable and practical, and consistent with council policy.
The budget is expected to be adopted on June 9.
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