The Charlotte City Council on Monday voted 9-2 to approve a general fund budget of more than $1 billion for the coming year. It includes a nearly 7% property tax increase.
The property tax increase will pay for 10% raises for police officers and firefighters.
Other city employees are getting 4% raises and the minimum pay for all city employees will rise to $25 an hour.
City Council members are getting raises of more than 6% and the mayor will get a 10% pay bump, bringing the total compensation for that position to more than $80,000.
The budget also calls for the city’s largest affordable housing bond ever at $125 million. $25 million of that will go to anti-displacement efforts.
Water and solid waste fees are also going up.
