City Budget

Local Politics
4:12 pm
Mon February 4, 2013

In State Of City Address, Foxx Pushes For Streetcar

Mayor Anthony Foxx at City Council chamber, delivering his annual state of the city address.
Credit Tasnim Shamma

Mayor Anthony Foxx says the city needs to focus on getting the streetcar and nearly $1 billion capital budget plan approved in order to create more economic opportunities and see Charlotte grow in the future. He spoke at the City Council chamber on Monday morning in an annual state of the city address.

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Local News
5:08 pm
Tue January 22, 2013

Tough Choices Ahead As Charlotte Nears End Of Annexation Road

Charlotte's boundary has expanded like ripples in a pond over time - through annexation.
Credit Charlotte-Mecklenburg Planning Department

Think about this for a moment - back in 1960, the entire city of Charlotte was just 35 square miles.  Today it's more than 300 square miles. That's a 700 percent expansion as one neighborhood after another got swallowed up through annexation.

But now, there's not much land left to annex and recent changes to state law will make future annexation much harder.  No big deal, right?  Many people think Charlotte's plenty big. What few realize is the role annexation has played in the city's budget and tax rates over the years. WFAE's Julie Rose explains.

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Budget
5:09 pm
Thu January 17, 2013

Charlotte Ranks Third In Nation For Funding Pensions

Charlotte ranks third in the nation for the funding of its pension system of the nation's 61 most populous cities, according to a new Pew report.
Credit Briana Duggan

Charlotte is ranked third in the nation for paying its bills on time. Not just any bills – pension bills. That's according to a new report by The Pew Charitable Trusts. They found that the country's largest cities have an unpaid tab of more than $200 billion when it comes to retirement benefits promised to employees. And it turns out Charlotte has been preparing for retirement relatively well when it comes to pension plans.  

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Local News
11:12 am
Fri November 23, 2012

Council Seeks To Settle Streetcar Debate Monday

Budget debates don't typically get underway for the city of Charlotte until May – but the council has spent the last several months getting a head-start on deliberations.

Monday will be the last of three special sessions organized by Mayor Anthony Foxx to find consensus on a pet project - streetcar through Uptown Charlotte.

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Local News
12:51 am
Wed October 31, 2012

Streetcar Still Stymies Charlotte City Council

Portland Streetcar.
Credit Charmeck.org

Charlotte City Council members Tuesday held the second of three special budget meetings scheduled before the end of the year, seeking a solution to their months-long impasse. Whether or not to include a streetcar line in the city’s near-term spending plan remains the sticking point.

The streetcar is only $119 million of a more than $900 million proposal to raise property taxes and spend the money on projects meant to spur development in struggling areas of Charlotte.

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