NEW HANOVER COUNTY, NC – The New Hanover County Board of Commissioners has adopted a $332.9 million balanced budget for Fiscal Year (FY) 2018-2019 that includes a 1.5 cent cut in the property tax rate. The adopted budget can now be viewed online.
This is the second consecutive year the New Hanover County Board of Commissioners have cut taxes, and it will result in a cumulative savings of $9.8 million to taxpayers. The new tax rate is 55.5 cents per $100 of value.
The adopted budget advances the priorities set by the Board of Commissioners in the county’s strategic plan. Among other initiatives, the FY19 budget:
“The commissioners directed and adopted a budget that is a clear reflection of their priorities and the community’s needs,” said County Manager Chris Coudriet. “It leaves more money in taxpayers’ pockets, all while increasing funding for our public schools, adding more resources for school safety and mental health, supporting initiatives to help fight the opioid crisis, and making strategic economic development investments to improve our county.”
The FY19 Adopted Budget can be viewed on the county’s webpage.
Communications & Outreach Coordinator