AR_Archive

Challenges:

  • Coping with the impact of the State's withholding of $17 million in local revenues.
  • Containing ever-increasing health care costs while providing a moderate amount of income protection for City employees

Challenges:

  • Coping with the impact of the State's withholding of $17 million in local revenues.
  • Containing ever-increasing health care costs while providing a moderate amount of income protection for City employees

Successes:

  • Maintained a AAA credit rating - the highest possible - for general obligation bonds.  The City has maintained this rating for nearly 29 consecutive years from the Moody's rating agency and 26 consecutive years from Standard & Poor's.
  • Annexed .71 square miles into the city.  The total real and personal property value of the annexed area is approximately $11.6 million.
  • Recovered $368,500 by pursuing reimbursements from individuals for damage to City vehicles and property.
  • Saved approximately $700,000 by ordering computers and computer supplies through a Citywide bulk-ordering program and by installing and replacing computers on a coordinated schedule.
  • Maintained one of the lowest water and sewer rates in the State - ranked in the lowest 25% of North Carolina's largest cities.
  • Spent less than half the statewide average to collect each ton of garbage.  City's average was $37 per ton compared to statewide average of $98 per ton; the amount collected per worker was twice the statewide average.
Maintain a Competitive Tax RateFY03 City and County Property Tax Rates