The public gets the opportunity to weigh in on the city manager’s recommended 2023-2024 fiscal year budget at the Tuesday, June 6 Greensboro City Council meeting beginning at 5:30 p.m. in the Katie Dorsett Council Chamber.

The public hearing is item F.3 on the agenda, after ceremonial presentations, a request for approval of $13.2 million economic incentive for ProKidney LLC and a rezoning request for 401 Muirs Chapel Road.

The 2023-2024 fiscal year budget recommended by City Manager Tai Jaiyeoba totals $749 million and includes both a 4-cent property tax hike and an 8.5 percent water and sewer rate increase. The proposed property tax rate is 67.25 cents.  The proposed budget also reduces the number of authorized sworn police officers by a total of 40 officers.

The City Council has held three work sessions on the manager’s recommended budget but has taken no formal action to amend the recommended budget.

In June 2022, the Jaiyeoba recommended a $688 million budget with the equivalent of an 11.69-cent property tax increase.  After the public hearing, that tax increase was reduced by 3 cents, to the equivalent of an 8.69-cent property tax increase – still the largest tax increase in the history of Greensboro.  The majority of the 3-cent reduction in the property tax rate increase was the result not of reducing expenditures but of increasing projected revenue.

The revenue projections are estimates and Greensboro has historically been very conservative in those revenue projections. Even though the revenue projections were increased in the current year to make up for the 3-cent reduction in the tax increase, it appears revenue will still come in well above those projections.

Mayor Nancy Vaughan and District 3 City Councilmember Zack Matheny have expressed opposition to the proposed 4-cent tax increase. However, the majority of the City Council appears to support it.   In 2022, Vaughan and Justin Outling, who was then the District 3 city councilmember, voted against the budget which passed on a 7-2 vote.