Follow us
Mobile
Pin It

Monday, June 9, 2014

City Council will vote on budget tonight

Posted By on Mon, Jun 9, 2014 at 3:38 PM

City Council is set to vote on the fiscal year 2015 budget during tonight's meeting.

The $2.1 billion plan requests a small water and sewer rate increase, that will amount to about $1.73 per month for the typical user, to cover increasing costs. The budget also proposes a storm-water fee increase of about .24 a month for a typical user to fund new and backlogged customer requests. CATS fare would also increase, by about .20.

Money_Revised.jpg

A resolution to the budget would fold in a five-year, $4.1 billion Community Investment Plan. Supported by bonds - the first of which voters would consider in November - the $4.1 billion project would be divided between housing and neighborhood improvement projects and improving transportation, economic development, infrastructure and the environment.

The November referendum will include $110,965,000 of street bonds, $20,000,000 of neighborhood improvement bonds, and $15,000,000 of housing bonds. Council is expected to hold a public hearing on the bonds July 28.

The Charlotte Housing Authority is requesting a "multi-family revenue bond" that would finance a portion of a mixed-income development in west Charlotte. Two of three phases of contraction of The Renaissance, located at the corner of West Boulevard and Billy Graham Parkway, are complete; the structure is totally occupied. The revenue bond would go toward the third phase of construction.

Tags: , , , , , , , , , ,

  • Pin It

Comments

Subscribe to this thread:

Add a comment

Creative Loafing encourages a healthy discussion on its website from all sides of the conversation, but we reserve the right to delete any comments that detract from that. Violence, racism and personal attacks that go beyond the pale will not be tolerated.

Readers also liked…

  • Remembering Kyle Lee 5

    A longtime Loafer remembers CL's resident graphic designer in the '90s.
  • Today's Top 5: Thursday

    Here are the five best events going down in Charlotte and the surrounding area today.

Latest in The CLog

  • Today's Top 5: Monday

    Here are the five best events going down in Charlotte and the surrounding area today.
  • Today's Top 5: Sunday

    Here are the five best events going down in Charlotte and the surrounding area today.
  • Today's Top 5: Friday

    Here are the five best events going down in Charlotte and the surrounding area today.
  • More »

More by Ana McKenzie

Search Events

Recent Comments

www.flickr.com
items in Creative Loafing Charlotte More in Creative Loafing Charlotte pool

© 2016 Womack Newspapers, Inc.
Powered by Foundation