The New Hanover County Board of Commissioners unanimously adopted a $508 million balanced budget for Fiscal Year 22-23 at its meeting on June 6, following a public hearing. The budget takes effect on July 1 and includes a two-cent decrease in the property tax rate from 47.5 cents to 45.5 cents per $100 value.
Below are the budget documents and presentations that provide an overview of the Fiscal Year 22-23 budget:
The budget helps to address current community needs, strategic initiatives, and board priorities like public education, workforce housing, public safety, community building, and equitable resources for residents. It also enhances some service levels, provides long-term funding for voter-approved debt and maintains fiscally responsible operations.