CHARLOTTE – Charlotte City Manager Curt Walton unveiled his recommended budget for 2012-2013 on Wednesday.
The nearly $2 billion operating and capital spending plan reflects modest growth due to better economic factors. If approved by the city council, it includes raises for all city employees including public safety.
The budget calls for a 3.6-cent property tax increase, which would cost someone with a $200,000 home $6 more a month and $72 dollars more a year. The money would help pay for a proposed $926 million capital program to improve business corridors and connectivity.
Voters would approve the projects in recommended bond referenda this year and in 2014, 2016 and 2018, which the manager thinks would benefit all areas of Charlotte.
"We are all -- north, south, east, west and the center city -- we are all in this together,” said Walton. “No part of this city truly prospers while other parts of the city suffer."
City council is scheduled to vote on the budget June 11.