Charlotte budget

Local News
1:36 am
Tue March 24, 2015

NC Senate Sales Tax Proposal Further Cuts Charlotte Budget

A Charlotte budget document from January shows projected revenue shortfalls under various scenarios. The bottom, dark-red line shows the elimination of the business license tax and the changed sales tax. Brown's actual bill would not create as immediate a dip, because it phases in over three years. At the time of the chart's creation, the city also had not yet been notified of a $10 million loss in property tax revenues, due to lower revaluations.
Credit City of Charlotte

Top Republicans in the state Senate Monday unveiled their proposal to shift sales taxes from urban areas to rural areas. The bill’s sponsor says it will help poorer counties, but it would compound the growing hole in Charlotte’s budget.

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Local News
6:26 am
Wed March 18, 2015

Charlotte Budget Takes Another Big Hit; Carlee To Order Hiring Freeze

The loss of business privilege license tax revenue and lowered property tax projections have created a gap in the Charlotte budget.
Credit Ben Bradford / WFAE

The city of Charlotte faces a gaping hole in the upcoming budget. A combination of state tax changes and Mecklenburg County’s property tax revaluation has city officials scrambling to plug the gap.

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Local News
10:09 am
Tue June 10, 2014

Charlotte's $2.1 Billion Budget, Made Possible Through Big Sales Tax Collections

Several council members didn't make the meeting in which the city adopted a new budget.
Credit Michael Tomsic

The Charlotte City Council on Monday night adopted a budget that increases the city’s spending about 7 percent without raising property taxes.

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