Mayor Purzycki Proposes a Fiscal Year 2024 Operating and Water/Sewer Budget During the Annual State of the City AddressMarch 16, 2023Operating budget growth is held at 3.5% and water/sewer budget growth to just 2.5%; the proposed budget includes no new property tax increase, a 5.7% increase in water/sewer fees, and a 6% increase in stormwater ratesRead the Mayor’s State of the City Address here. Wilmington Mayor Mike Purzycki tonight presented a proposed $183.1 million operating budget for Fiscal Year 2024 and an $84.2 million water/sewer/stormwater budget to City Council as part of his annual State of the City Address. The Mayor’s proposed operating budget has increased only 3.5% over current fiscal year expenditures, which Mayor Purzycki says is an indication of the considerable budget discipline that has characterized his administration since 2017. Other excerpts from Mayor Purzycki’s Fiscal Year 2024 State of the City Address:Investing in Neighborhoods and City Residents:“Unprecedented investment has occurred in our neighborhoods,” said the Mayor. Council is expected to vote on a new budget for Fiscal Year 2024 in late May with the budget taking effect on July 1, 2023.

Source: Forbes March 17, 2023 05:03 UTC