Drone aerial shot of downtown Charlotte, North Carolina in the daytime

FY2024 Adopted Budget

Mecklenburg County's FY2024 budget totals $2.36 billion, an increase of $156 million or 7.1% over the FY2023 operating budget.

On Tuesday, June 6, the Board of County Commissioners adopted Mecklenburg County’s budget for Fiscal Year 2024, the primary theme of which is to maintain current services and invest in people. Mecklenburg County has been steadfast in its commitment to residents and, in recent years, has launched unprecedented efforts to support the community. The FY2024 budget totals $2.36 billion, an increase of $156 million or 7.1% over the FY2023 operating budget. The budget sets a property tax rate of 47.31 cents per $100 of assessed valuation. For the past four fiscal years—2020 through 2023—the tax rate was maintained at 61.69 cents. Following this year’s property revaluation, the revenue neutral tax rate, which would generate the same revenue as last year, was 45.71 cents.

Goals

Highlights

$68M

Investment in people

$596.9M

Investment in Charlotte-Mecklenburg Schools

$45.2M

Investment in Central Piedmont Community College

Funding for the Board's Priorities

$960K

Early Childhood Development

$41.3M

Education Attainment

$60.2M

Environmental Leadership

$31M

Health Access

$24.7M

Housing Security

$4.1M

Workforce Development

$3.9M

Racial Disparities

Capital Improvement Plan

In Fiscal Year 2024, Mecklenburg County will launch its new five-year rolling Capital Improvement Plan, also known as the CIP, which will be revisited annually to best manage County resources. The adopted CIP is $4 billion and will address the infrastructure needs necessary to meet the demands of a growing community. The plan includes 30 projects for Charlotte-Mecklenburg Schools at a cost of $2.5 billion. The CIP also includes 59 County projects at a cost of $1.5 billion which will help address needed updates to aging facilities, build new facilities, continue our commitment to parks and recreation facilities, and most importantly position the County to provide integrated service delivery to those that need critical health and human services in this community. The CIP invests in our courts and detention center, schools, our community college, and libraries. We will also continue our commitment to bringing County services directly to our residents through the expansion of our community resource center model.

Highlights

  • Charlotte-Mecklenburg Schools

    Back to school. Multiracial pupils of primary school near school bus. Happy children ready to study.

    30 projects totaling $2.5 billion. Projects include new schools, and renovations and expansions at:

    • 12 elementary schools
    • 7 middle schools
    • 10 high schools
    • 1 new athletic complex

    The CIP assumes a school bond referendum of $2.5 billion to finance these projects that will be approved by voters November 2023

  • County Facilities

    CRC entrance at Valerie C. Woodard Center

    10 projects totaling $809 million dollars which include:

    • Upgrades to the camera system at the courthouse
    • Renovations at the former Civil Courts building M
    • odernization of the Detention Center
    • Continued strategy of providing human services to residents where they live and work by constructing Community Resource Centers in the Southwest and East portions of the County
  • Charlotte Mecklenburg Library

    Diverse group of students studying in a library

     8 projects totaling $146 million, including:

    • Continue construction of the new Main Library in uptown
    • Relocations and expansions of the Sugar Creek and West Boulevard branches
    • Renovation of ImaginOn
    • New branch on Nations Ford Road
  • Central Piedmont Community College

    Multi-ethnic audience sitting in a row and making notes while listening to presentation at conference hall. Selective focus. Horizontal shot. Side view

     4 projects totaling $107 million including:  

    • A new state of the art public safety training facility that will infuse the workforce development landscape with a needed resource for the next generation of public safety employees
  • Park and Recreation

    Trees and grass with a walking path and lake in the background on a sunny spring day.

    37 projects totaling $448 million including:

    • Seven greenway projects.
    • Upgrades to several rec centers, parks and nature preserves 
    • Dredging at Park Road Park and Freedom Park lakes
    • Investments in basketball courts, trails, pickleball courts and skate parks
    • New park at Eastland Yards
       

Revenues

 

 

Revenue Categories

Expenses

 

 

Expense Categories