• 46°

Concord presents 2011-12 budget

CONCORD ó Concord City Manager Brian Hiatt presented a proposed budget Tuesday for the upcoming fiscal year that includes no tax increase and the smallest recommended general fund since 2007, the city said in a press release.
The city said the primary focus of the budget is maintaining basic levels of service, emphasizing efficiency, customer service, and how the city delivers services.
The budget, including all the various municipal funds, totals $207.7 million, an increase from the current budget that city officials attribute to increases in such areas as electricity costs from Duke Energy, completion of the funding for an Albemarle waterline construction project and the rise in aviation fuel costs.
The recommended general fund budget, where the primary funding sources are property and sales tax receipts, is nearly $64.4 million ó a decrease of $1.8 million, or 2.8 percent, from the current budget.
The fiscal 2011-12 budget would keep the property tax rate at 42 cents for every $100 of assessed value.
The budget recommends the elimination of 12 vacant positions and a continued ěfreezeî of 21 additional full-time and part-time jobs.
A raise of 1.5 percent (minimum $600) per full-time employee based on performance is recommended effective in December.
The budget recommendation projects revenues conservatively and anticipates that sales and property tax revenues will decline, the press release said.
ěWe hope local governments will begin to see revenues that reflect a stronger economy and we find our projections for FY 2011-12 to be too conservative,î Hiatt said in the press release. ěHowever, we feel it is reasonable to assume that revenues will be, at best, flat during the fiscal year. The Philip Morris closure will continue to impact property tax revenues directly and sales tax revenues indirectly.
ěWhile this budget is designed to focus on basic services delivery, we cannot ignore other infrastructure needs that existed before the decline in the economy. We must prepare for the future, regardless of our financial constraints. Part of the preparation is anticipating the impact of the Cabarrus County property revaluation that will be effective in FY 2012-13.î
The City Council will hold a budget workshop June 7. A public hearing on the budget will be held June 9 during the regular council meeting. The proposed budget is available on the cityís website at www.concordnc.gov. A printed version is available in the city clerkís office.

Comments

Comments closed.

Crime

Blotter: Feb. 26

Crime

Salisbury, Kannapolis men charged with soliciting sexual acts

News

Racial bias ‘deeply entrenched’ in report critical of Apex Police Department

Nation/World

US bombs facilities in Syria used by Iran-backed militia

Elections

City council again dismisses idea of adding new member, focus now on recommendation to delay elections

Business

‘Let’s make some money:’ Loosened restrictions praised by bar owners, baseball team

High School

Salisbury High bucks historical trend in dominant shutout of West Rowan

Enochville

Garage declared total loss after Enochville fire

Crime

Cooper, N.C. prison officials agree to release 3,500 inmates

Coronavirus

Two more COVID-19 deaths reported in Rowan, six for the week

Crime

Blotter: Man brandishes AR-15, runs over motorcycle at Rockwell-area gas station

Crime

Salisbury man charged with exploitation of minor

Crime

Road rage incident results in assault charges

Local

Dukeville lead testing results trickle in, more participation needed

Education

Faith Academy interviewing staff, preparing site for fall opening

News

Volunteers work around obstacles, alter procedures to offer free tax services to those in need

Education

Education shoutouts

Local

Retired Marine gets recognition for toy collection efforts

Local

March issue of Salisbury the Magazine is now available

Education

Five get Dunbar School Heritage Scholarships

Education

Education briefs: Salisbury Academy fourth-graders think big as inventors

Education

Bakari Sellers keynote speaker at Livingstone College Founder’s Day program

Nation/World

Biden aims to distribute masks to millions in ‘equity’ push

Nation/World

Chief: Capitol Police were warned of violence before riot