NEW HANOVER COUNTY, NC – On June 1, the New Hanover County Board of Commissioners adopted a $399.6 million balanced budget for Fiscal Year 2020-2021, which begins July 1. The adopted budget takes a conservative fiscal approach based on the uncertain economic impacts from COVID-19, while also prioritizing the health and safety of the community and continuing the important county services already in place.
“This year’s budget maintains existing levels of service, invests in our employees who are charged with delivering these services, provides long‐term funding for voter‐approved debt, sustains strategic initiatives, and maintains the existing tax rate to ensure our citizens are not further financially strained following the economic disruptions of COVID‐19,” said County Manager Chris Coudriet. “I appreciate the leadership of the Board of Commissioners to adopt a budget that is sustainable for the coming year and is responsive to the economic volatility we are experiencing because of COVID-19.”
The adopted budget maintains the current county-wide tax rate of 55.5 cents per $100 of value, making it four years in a row that the county has either reduced or maintained the tax rate.
The FY21 budget sustains the priorities set by the Board of Commissioners in the county’s strategic plan, and among other initiatives, the budget:
The recommended budget was presented to the board on May 18 and a public hearing on the budget was held Monday, June 1. The Board of Commissioners approved the recommended budget with few changes following the public hearing on Monday, June 1. The adopted budget in brief will be available on the Finance website by Friday, June 12.