Charlotte leaders approve $4.2 billion budget proposal

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City leaders voted to approve Charlotte’s proposed $4.17 billion budget on Monday night, which was tweaked since it was first introduced.

The city manager first presented the budget in early May, and since then, leaders decided on a proposal for a smaller property tax rate increase, bumping it down from 1.5 cents to 1.3 cents per $100 in value.

The money gathered from those taxes is expected to go towards the city’s general fund, which will help pay for public safety, arts and culture, and the city’s five-year Capitol Improvement Plan.

With the slight cut in the property tax rate increase, the budget calls for less funding than originally planned for some big programs.

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