CHARLOTTE, N.C. (May 2, 2022) – City Manager Marcus D. Jones presented his Proposed Fiscal Year (FY) 2023 Budget to the mayor and members of City Council today.
"We have been working to develop a budget that builds on the success of the past several years and focuses on investing in our communities as well as taking care of the people who work for and take care of our city," said City Manager Marcus Jones. "I'm very excited about the future of our organization and the future of Charlotte. As we continue to come out from the pandemic, I know we will emerge stronger together."
Highlights of the proposed FY 2023 budget include:
Additional Budget Highlights
$1.3 million in direct MWSBE support including $800,000 for a Capital Access Program and CBI Bonding Program
Proposes use of $30 million from ARPA Tranche 2 for affordable housing initiatives that support strategic partnerships, reduce displacement risk, and advance staying in place
Environment, Engagement and Equity
$4.5 million on city building sustainability, $1.45 million for electric vehicle supply equipment locations, and adds 55 fully electric vehicles to the city's fleet
$48.8 million within the five-year CIP to construct three fire stations, one of which will be the city's first all-electric fire station
Supports the ADA program with
$209,918 for new positions along with an additional $3.25 million in program funding
Proposes use of $16 million from ARPA Tranche 2 for community investments that support job and workforce development and, Minority Women, and Small Businesses
Leverages federal funds and previous council allocations to provide $55 million in additional resources to support affordable housing and staying in place initiatives in addition to maintaining the
$50 million investment in Affordable Housing
Makes modifications to the House Charlotte Homeownership Assistance Program to meet current market standards including:
Increases maximum loan amount for households earning 80 percent AMI and below to $30,000
Increases the maximum purchase price to $300,000 for existing construction and $315,000 for new construction
Increases funding for the Sidewalk program, from $15 million to $50 million
Transportation and Planning
$6.8 million state funding reduction to street resurfacing, plus adds $3.4 million to the program
Dedicates $157.3 million towards capital roads and intersection infrastructure projects within the 5-year CIP. FY 2023 includes:
The proposed budget will have a public hearing on May 9, followed by budget adjustments on May 11 and straw votes on May 25. The budget will be considered by Council for adoption on May 31. The 2023 fiscal year begins July 1, 2022.
To learn more about these and other important initiatives of the proposed FY 2023 budget, please visit