Greensboro city manager presents recommended budget for fiscal year 2015-16
GREENSBORO, N.C. — City Council got its first look at the budget for the upcoming fiscal year.
The city staff is proposed a balanced budget with no increase in property taxes.
Greensboro and cities all across North Carolina are facing tight budgets after the general assembly outlawed business privilege taxes.
To make up for that loss, the city manager is counting on increased sales tax collections and a 5.5 percent increase in water rates.
The proposed budget would also cut 14 positions spread across a number of departments.
Council will begin its work on the budget on May 14.