FY 2012-2013 Budget Update

At tonight’s Kinston City Council meeting, the City Manager presented the FY 2012-2013 budget, see links below.  We held three budget related meetings totaling about eight hours of public discussion.  We have worked diligently to provide more funds in Street Resurfacing and we doubled last year’s Street Resurfacing budget from $100k to $200k.  We also will keep our property tax rate at its current level.

Here are some highlights:

  • No property tax increase
  • Street Resurfacing = $200,000
  • Holloway Park Improvements = $25,000
  • Catalyst Grant Match for demolition of neglected properties = $25,000
    • If we receive the grant, we’ll be given $100,000 for a total of $125,000
  •  Urban Redevelopment/CDBG & Unified Development Ordinance updates = $25,000
  • Kiosks purchase approval to streamline Customer Service utility payments
  • 7% Water increase and 5% Sewer increase based on Raftelis – Kinston Final Opinion Letter_1 2010-03

FY 2012-2013 Proposed Budget

City Manager’s Budget Message – To be updated on 6/5/2012