Adopted Budget Projected Budget 2016-2017

Honorable Mayor and Members of City Council City of Greensboro Ladies and Gentlemen:

I am pleased to provide you with a copy of the 2016-17 Annual Budget and 2017-18 Projected Budget. This document was prepared by the City's Budget and Evaluation Department and represents a comprehensive publication of the City's budget plans and policies for the upcoming fiscal year. The document also includes a second year planning budget that gives us the opportunity to continue planning for and implementing the strategies necessary to meet the future needs of our community. The Recommended 2016-17 Budget was presented to Council on May 3, 2016 and both hard copy and electronic versions were available for public review. The Council held a preliminary work session in April and additional work sessions and a public hearing on the proposed budget in May before acting on the budget. City Council adopted the 2016-17 Annual Net Budget, totaling $519,671,117, on June 7, 2016. The Adopted FY 16-17 General Fund budget of $275,560,440 is 3.3% higher than the revised FY 15-16 General Fund budget. The budget adds six firefighter positions in the final year of a three year plan to complete four person staffing for all fire ladder companies. The adopted budget includes an increase in the motor vehicle license fee from $10 to $30. The increase in this locally determined revenue source was made possible by action taken by the North Carolina General Assembly effective with the FY 16-17 budget. The additional revenue will be mostly dedicated to street resurfacing and will increase our annual resurfacing budget for $2 million to nearly $6 million. The overall property tax rate remains at 63.25 cents, the same as FY 15-16. FY 16-17 represents the ninth consecutive year in which the adopted budget has not included a tax rate increase. The total tax rate is reallocated slightly, however, to allow an increase in the portion of the tax rate dedicated to Transit Fund from 3.34 cents to 3.50 cents, providing an additional $400,000 in support to Transit Operations. The 2016-17 and 2017-18 budget columns in this document, as well as the narrative, reflect the budget as adopted by Council with changes made during the Council deliberations. The Manager's Message, however, is included as it was presented with the Recommended Budget. On behalf of the employees of the City, I thank you for your continued leadership and support of our efforts to meet your priorities in the delivery of high quality services to the Greensboro community. Respectfully,

Jim Westmoreland City Manager

PO Box 3136 

Greensboro, NC 27402-3136 

www.greensboro-nc.gov 

336-373-CITY (2489) 

TTY # 333-6930

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