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CHARLOTTE, N.C. - (May 9, 2016) – Community members provided input on the recommended Fiscal Year (FY) 2017 city operating and capital budget during a public hearing Monday. City Manager Ron Carlee presented his recommended FY2017 budget totaling $2.45 billion at the May 2 budget presentation. Tonight’s public hearing is the latest step in the budget review and approval process.
Next steps in council’s budget process include:
- May 11: Council Budget Workshop - Budget Adjustments
- May 25: Council Budget Workshop - Straw Votes
- June 13: Budget Adoption
The public is encouraged to learn more by visiting charlottenc.gov/FY17Budget or view the discussions on the GOV Channel, Cable 16 (Digital 97-2) or online at http://govchannel.charmeck.org.
Other Council Actions
Proposed policy for sustainable facilities
City Council received an overview of the proposed policy for sustainable facilities and an overview of the impact of green building in the Charlotte region.
The proposed policy will ensure the city achieves council’s Environment Focus Area Plan goal of Charlotte becoming a global leader in environmental sustainability, preserving natural resources while balancing growth with sound fiscal policy. A key pillar of the plan includes leading by example in the facilities the city constructs, renovates and occupies.
City Council will consider approval of the Sustainable Facilities Policy at a future business meeting.
City Council voted to authorize the 2016 Airport Revenue Bond Anticipation Notes and hold a public hearing as required by the IRS in connection with the issuance of these notes, which relate to Destination CLT, the Airport’s community investment plan.
Projects included in Destination CLT include Concourse A expansion, terminal lobby and curb front expansion and significant airfield projects. This investment sustains the growth and quality service delivery of the Airport.
To fund Destination CLT, Aviation and Management & Financial Services staff developed a plan of finance including a $1.6 billion Aviation Community Investment Plan in the next five years. This includes use of both federal funds and commercial debt to fund these large projects in a way that allows the Airport to maintain its low cost structure.
The first step includes the issuance of up to $230 million in 2016 Airport Revenue Bond Anticipation Notes. This is a short-term issuance that will be replaced by a combination of future general airport revenue bonds, grants and passenger facility charge revenues (pending approval from the Federal Aviation Administration and local government communities).
During the meeting, council also approved $42,319,604.72 in contracts related to Destination CLT. These contracts include $4,600,042.72 in small and disadvantaged business participation. Aviation anticipates bringing forward multiple council actions for approval in the upcoming months as Destination CLT projects continue to move forward.
Awards and Recognitions
The following recognitions and proclamations were announced during the May 9 business meeting:
- Mayor Jennifer Roberts read a proclamation recognizing May as Small Business Month in Charlotte
- Mayor Roberts also read proclamations for Paradies Lagardère and HMS Host, recognizing their achievements as Charlotte Douglas International Airport retail concessionaires.
- The Charlotte Regional REALTOR® Association presented details on the community service work completed during Realtors Care Day.