NEW HANOVER COUNTY, NC – On June 17, the New Hanover County Board of Commissioners adopted a $399 million balanced budget for Fiscal Year (FY) 2019-2020 that focuses on investments in education, public safety, economic development and the community – both now and in the years to come. The adopted budget maintains the current county-wide tax rate of 55.5 cents per $100 of value, making it three years in a row that the county has either reduced or maintained the tax rate.
The FY20 budget advances the priorities set by the Board of Commissioners in the county’s strategic plan, and among other initiatives, the budget:
“The adopted budget is a statement of the board’s priorities and their commitment to the community,” said County Manager Chris Coudriet. “It proactively addresses needs that we have now and looks to the future to ensure we are more resilient. It begins to replenish the county’s fund balance, which was affected by Hurricane Florence, and strategically funds important initiatives like the opioid crisis, workforce housing and public education.”
The recommended budget was presented to the board on May 20 and a public hearing on the budget was held Monday, June 3. The Board of Commissioners approved the recommended budget with few changes on Monday, June 17. The adopted budget in brief will be available on the Finance website by Monday, June 24.