Raleigh holds line on taxes in 2013-14 budget
Posted June 18, 2013
Raleigh, N.C. — The Raleigh City Council unanimously approved a $707 million budget Tuesday for the fiscal year that starts July 1.
No tax increase was included in the budget, but the council did approve a $1 increase to the solid waste fee and higher water and sewer rates to help pay for infrastructure upgrades. The higher rates amount to about $3.75 a month for an average family.
“This budget prioritizes high-quality core services – reliable water, sanitary sewer and stormwater systems, expansion of public safety to address growth, equipment investments in solid waste collection to improve reliability and staffing for new parks facilities,” City Manager Russell Allen said in presenting the budget to the council.
Forty positions were added in the budget, along with a 3 percent merit-based increase for employees, which cost about $5.9 million.
Allen said revenue from property taxes is projected to increase 1.8 percent, or $3.5 million, in the coming year, and sales tax revenue should grow by 4 percent, or $2.9 million. Development revenue is projected to increase 8 percent, or $2.3 million.