This item first appeared in our morning newsletter, which is delivered Monday through Saturday to more than 7,000 smart subscribers in the Charlotte area. You can become one of them.

Mecklenburg commissioners voted unanimously to adopted a budget for fiscal 2023, which begins July 1.

It carries a 6.7% spending increase with no hike in property taxes.

Here’s a snapshot of how some of that money will be spent:

Affordable housing:

  • $8.1 million in one-time funding to support the Rental Subsidy Fund.
  • $778,000 for A Home For All, a county strategy to end and prevent homelessness.
  • $500,000 to research the effects of corporate-owned real estate.
  • $100,000 to support the preservation of Pottstown, a historically Black neighborhood in Huntersville.

Racial Disparities:

  • $3 million to create opportunities for generational wealth building.
  • $470,000 to support StarMed’s nonprofit The Blessing Foundation.
  • $389,000 to expand food security initiatives.

Employees and Human Resources:

  • $16.6 million for a 5% across-the-board salary increase for all full-time and part-time employees.
  • $3.5 million to increase the county’s minimum wage to $20 per hour.
  • $470,000 for new hires.

You can go here to see the full budget breakdown. 

Source link

Leave a Reply