Budget in Brief FY 24-25

BUDGET IN BRIEF 1

2024 - 2025 ADOPTED BUDGET : $802,011,267

The City of Greensboro adopts its budget by ordinance, in accordance with North Carolina General Statutes, requiring estimated revenues and appropriated fund balances to be equal to appropriations. The citywide Fiscal Year 2025 (FY 24-25) adopted budget runs from July 1, 2024 through June 30, 2025 . Organizational Strategic Priorities, developed by City Council and City staff, are used as guidelines in the development of funding recommendations. The net adopted budget of $802,011,267 is $50.6 million, or 7%, higher than the revised FY 23-24 budget.

Jon Decker, Budget Director

STAFF David Cashwell Leo Jaffe Tiffany Jones Ketesha Little-Cofield

Karen Lloyd Tracy Nash Leah Price

EXPENDITURES : By Service Area

The City of Greensboro budget is designed to highlight and emphasize service areas and programs. Each service area is responsible for delivering quality services to residents throughout Greensboro. The four main service areas listed from largest to smallest are Infrastructure, Public Safety, General Government, and Community Services (Page 3-4). The remaining service area is Debt Service , which is closely tied to the Capital Improvements Program (CIP) budget (Page 5).

BUDGET SIMULATOR

Would you like to share your thoughts about how the City spends your tax dollars? The Balancing Act budget simulation tool allows you to adjust simulated budgets for City departments, to align resources with services that you value most.

WHERE DOES THE MONEY GO?

Budget staff are available to meet with residents at community and neighborhood meetings to share this simulation tool and explain how it works. To request a presentation, please call 336-373-2291 greensboro-nc.gov/simulator

General Government 9¢

Infrastructure 52 ¢

Public Safety 25¢

Community Services 8¢

Debt Service 6¢