County Manager Chris Coudriet presented commissioners with his proposed budget–that included a 5-cent property tax increase–to commissioners on May 5. Coudriet described his proposed $306 million general fund budget as balanced and “consistent with the direction of this board.”
If the 5-cent hike were approved, the county’s property tax rate would increase to 60.4 cents per $100 of property valuation,.
The budget’s public education allocation–for New Hanover County Schools and Cape Fear Community College–is recommended at $124.5 million. The public school system is recommended to receive $71.1 million in operating expenses–a $3.8 million increase from the current fiscal year–$3 million for capital expenses and nearly $20 million for debt repayment. Coudriet recommended $12.2 million for operating expenses and $17.5 in debt repayment for Cape Fear Community College.
Coudriet’s budget also includes $500,000 for economic development to attract “more, better paying jobs,” he said. He also recommended an additional $25,000 (above the county’s contractual obligation) for the county’s contribution to the Wilmington Film Commission and an additional $50,000 for Wilmington Business Development.
The work session takes place at 10 a.m. in the Harrell Conference Room in the county government complex, 230 Government Center Drive, Wilmington. Click here to view Coudriet’s recommended budget.