FINAL ADOPTED BUDGET FY2022-23

Signing, retention, bi lingual, military, and certification incentives to encourage employee recruitment and retention Strengthen existing shift differential incentives for eligible employees Tuition Reimbursement and Tuition Assistance Programs In addition, this FY 22 23 budget will enhance the education incentive for employees so there are no up front tuition costs to receive an associate degree from GTCC through the Guilford Promise program. The recommended budget includes a market adjustment of 2% for all employee base wages while providing a 3% average merit increase for all eligible employees. Additionally, public safety officers (sworn police, sworn fire, and eligible 911 staff) will receive a 3% market adjustment, increasing starting salaries while preventing additional compression, and an average 4% merit pay increase for eligible employees. Further, the FY 22 23 budget includes $1.8 million to immediately address wage compression Greensboro s population, at approximately 300,000, grew by nearly 30,000 residents since 2010. Our land area is now approximately 137 square miles (and growing) and our population is increasingly diverse. We continue to see new investment in our city in terms of building permits and value of construction. In 2021, 4,695 building permits were issued, and with the value of construction at $817 million it is the highest it has been in the past decade. Further, the 2020 Census shows that Greensboro, like the rest of the nation, is more diverse and more multiracial than ever before. Greensboro is showing a higher percentage of several racial categories, including African Americans and Asians. The number of people identifying as two or more races in Greensboro increased by 180% between 2010 and 2020. This increased diversity calls for more equitable investments especially in Black, Indigenous, and People of Color (BIPOC) communities, specifically in East Greensboro. The FY 22 23 budget includes continued support for our economic development partners totaling and funding for adopted and planned economic development incentives City Council adopted updated economic development guidelines in March 2021 that provides tiered investments to strategic industries, to jobs paying livable wages, and in areas of the City that need investment the most. To this end, the FY 22 23 budget recommends a focus on infill development, a total of $6.6 million in support of our newly established Office of Economic Development, and $1 million towards a new initiative, Gateway Corridors Improvements, which will identify opportunities for economic development in challenging communities to raise the quality of life of the residents and create jobs in these areas. This Office of Economic Development will be located in the CMO s office and report directly to the Deputy City Manager as part of overall organizational changes. Also included is additional support for continued implementation of the Cultural Arts Master Plan. Funding for the continuation of artists in the residency and special events support total $100,000. An additional $400,000 is included for arts and culture grants to support community organizations. Public Safety The City Council identified public safety as a priority for FY 21 22. The recommended FY 22 23 budget builds on this priority. The budget includes a total of 24 new positions to support public safety including 8 additional patrol officers, 15 fire positons for a new company to service annexed areas, and the addition of an End Gun Violence Coordinator in the City Manager s Office. Council recently approved $1.2 million to support police headquarter and other police facility security improvements through funds made available by the American Rescue Plan. Starting salaries for fire and police sworn personnel will increase appropriately to remain competitive. The City also offers several one time and on going pay incentives to improve the quality of staff and improve recruitment and retention. With signing bonuses, military incentives, night time shift differential, educational incentives, and bi lingual pay, starting firefighters and police officers could make almost $10,000 in additional incentives in their first year. and other in range issues. Economic Development

Adopted 2022-23 Budget

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