Durham’s Budget Raises Taxes, Funds Affordable Housing | Triangulator | Indy Week
Pin It

Durham’s Budget Raises Taxes, Funds Affordable Housing 

durham_logo.jpg

The Durham City Council on Monday approved a $429.4 million budget for the upcoming fiscal year that invests in affordable housing, public safety, and infrastructure.

The budget includes a tax hike of 1.79 cents to dedicate a second penny to affordable housing and hire thirty new firefighters, among other investments. The property tax rate will increase to 57.86 cents per $100 of property value. The average homeowner will pay about $32 more in property taxes than last year as a result of the increase. 

A penny of the tax rate generates about $2.8 million in annual revenue. The city has a five-year goal of preserving or creating 1,150 affordable units.

Residents are also looking at an average increase in water and sewer fees of about 2.6 percent, but daily pass fees to the city's recreation facilities are being eliminated for those under eighteen. About $6.6 million will go toward street improvements. The budget also bolsters a diversity recruitment initiative and racial equity training for staff.

City employees will get an average raise of 4 percent, with public safety employees getting a 5 percent increase under a new pay plan approved earlier this year. In a year, all city employees will earn at least $15 per hour.

This article appeared in print with the headline "Budget Breakdown"

Comments

Subscribe to this thread:

Add a comment

INDY Week publishes all kinds of comments, but we don't publish everything.

  • Comments that are not contributing to the conversation will be removed.
  • Comments that include ad hominem attacks will also be removed.
  • Please do not copy and paste the full text of a press release.

Permitted HTML:
  • To create paragraphs in your comment, type <p> at the start of a paragraph and </p> at the end of each paragraph.
  • To create bold text, type <b>bolded text</b> (please note the closing tag, </b>).
  • To create italicized text, type <i>italicized text</i> (please note the closing tag, </i>).
  • Proper web addresses will automatically become links.

Latest in Triangulator



Twitter Activity

Comments

"When Mexico sends its people, they're not sending their best. ... They're sending people that have lots of problems, and …

by Tryan Banme on A History of Donald Trump’s Racism, Abridged (Triangulator)

"Computer-driven vehicles? Really? We've been saying that for the last 30 years."

?! The hardware for a fully autonomous …

by Mark Bahner on Environmentalists Aren’t Happy About the NCDOT’s Plan to Finish the I-540 Beltway (Triangulator)

Most Read

Most Recent Comments

"When Mexico sends its people, they're not sending their best. ... They're sending people that have lots of problems, and …

by Tryan Banme on A History of Donald Trump’s Racism, Abridged (Triangulator)

"Computer-driven vehicles? Really? We've been saying that for the last 30 years."

?! The hardware for a fully autonomous …

by Mark Bahner on Environmentalists Aren’t Happy About the NCDOT’s Plan to Finish the I-540 Beltway (Triangulator)

Computer-driven vehicles? Really? We've been saying that for the last 30 years.

And even if that managed to come …

by Mark Neill on Environmentalists Aren’t Happy About the NCDOT’s Plan to Finish the I-540 Beltway (Triangulator)

It's a very bad time to do any transportation project that is capital-intensive and long-term. The reason is that computer-driven …

by Mark Bahner on Environmentalists Aren’t Happy About the NCDOT’s Plan to Finish the I-540 Beltway (Triangulator)

Seriously? Time for opposers to get their heads out of the sand and see that Raleigh's growth is blowing up. …

by Granted on Environmentalists Aren’t Happy About the NCDOT’s Plan to Finish the I-540 Beltway (Triangulator)

© 2018 Indy Week • 320 E. Chapel Hill St., Suite 200, Durham, NC 27701 • phone 919-286-1972 • fax 919-286-4274
RSS Feeds | Powered by Foundation