CHARLOTTE — The Mecklenburg County Board of Commissions adopted its $2.3 billion FY2024 operating budget Tuesday night, which is an increase of $156 million, or 7.1% increase over this year’s budget.
The budget sets a property tax rate of 47.31 cents per $100 of assessed valuation, which is a 3.5% tax increase.
Part of the money covers raises for full- and part-time employees.
The budget also includes a $2.5 billion bond request for Charlotte-Mecklenburg Schools. Voters will see the CMS bonds on ballots next election.
BREAKING | @MeckCounty Commissioners have adopted $2.36 Billion budget for FY 2024. Includes $2.5 billion for @CharMeckSchools, salary increases for full and part time employees, and $45 million for @cpcc @wsoctv
— Jonathan Lowe (@JonathanUpdates) June 7, 2023
There is $809 million for 10 county projects and $448 million for 37 parks and recreation projects. Another $146 million is for eight Charlotte-Mecklenburg Library projects and there is $107 million for four Central Piedmont Community College projects.
VIDEO: Tax increase proposed for Mecklenburg County
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