Photo of the Charlotte Skyline from Romare Bearden Park.

FY2025 Adopted Budget

Mecklenburg County's FY2025 budget totals $2.5 billion, an increase of $140 million or 5.9% over the FY2024 budget.

The Board of County Commissioners on Tuesday, June 4, 2024, adopted Mecklenburg County’s budget for Fiscal Year 2025.

The FY2025 operating budget totals $2.5 billion, an increase of $140 million or 5.9% over the FY2024 operating budget. The budget sets a property tax rate of 48.31 cents per $100 of assessed valuation. That represents a one-cent increase in the tax rate that was previously scheduled to fund the Capital Improvement Plan adopted last year.

Highlights

  • Fully fund Charlotte-Mecklenburg Schools budget request with $46.4M in additional funds for operating (7.8% increase) and an additional $10M for capital maintenance (43.6% increase) with a total investment of $849M
     
  • Funds Central Piedmont with an additional $2.1M in operating (4.6% increase) and an additional 3.1M for capital maintenance (81.9% increase) with a total investment of $73.4M
     
  • 58 new full-time staff with a total of 6,809 staff serving over 1.1M residents. 
  • $26.4M for across-the-board and performance-based pay increases for staff.
     
  • $2M to fund 17 organizations through the Community Service Grant program. 
     
  • $152.8M in New Investments for Board of County Commissioner Budget Priorities. 
     
  • $25.5M of realignments in the General Fund to offset the need for an additional tax increase.

Board Priority Investments

$986K

Early Childhood Development

$60.7M

Educational Attainment

$50.8M

Environmental Stewardship

$11M

Health Access

$17M

Housing Insecurity

$12.4M

Workforce Development

Where the Money Comes From

 

 

Revenue Categories

Where the Money Goes

 

 

Expense Categories

Capital Improvement Plan

In Fiscal Year 2024, Mecklenburg County launched 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 $4.3 billion and will address the infrastructure needs necessary to meet the demands of a growing community.

  • CMS

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

    30 projects for Charlotte-Mecklenburg Schools (CMS) totaling $2.6 billion

  • CPCC

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

    9 projects for Central Piedmont Community College (CPCC) totaling $112 million

  • County Facilities

    CRC entrance at Valerie C. Woodard Center

    78 projects for Mecklenburg County facilities totaling $1.6 billion

Budget Resources

  • FY25 Resident Budget Priority Survey

    The annual resident budget priority survey provides residents the opportunity to share their perspectives on the County’s budget and investments.

  • Budget Archives

    Visit our budget archive to examine and research budgets from previous fiscal years.