The Raleigh City Council adopted the budget for Fiscal Year (FY) 2022 and the Five-year Capital Improvement Program for FY22-FY26 at their June 7 City Council meeting. The budget continues the city’s commitment to providing great service to residents.
The net operating and capital budget for FY22 is $1.07 billion, which includes a General Fund total operating budget of $543.9 million. The adopted budget is a 7.1 percent increase from the FY21 adopted budget.
The FY22 Capital Improvement Program totals $329.1 million, with the total for five years (FY22-FY26) being $1.85 billion.
The FY2022 adopted budget includes a 1.78 cent property tax increase from the FY2021 adopted tax rate of 35.52 cents per $100 valuation, for the voter approved $80.0 million Affordable Housing Bond referendum and 1.0 cents for Parks maintenance.
The adopted budget includes a $1 Solid Waste Service increase per month to support yard waste services and fund route optimization. The adopted budget also includes a Raleigh Water fee increase of 1.5% in the monthly base and volumetric water and sewer charges. Finally, the adopted budget includes a $1.50 increase per Single-Family Equivalent Unit (SFEU) for stormwater. The rate increase will cover additional staff and capital improvement projects for the Stormwater enterprise.
FY22 begins July 1 and ends on June 30, 2022.
Retirement Fund and Employee Compensation
The adopted budget recognizes the importance of investing in our greatest asset, our employees. The adopted FY22 budget includes adjustments to maintain a competitive compensation and benefits package, including:
- Adjustment to the living wage rate from $34,130 to $36,052 in accordance with the Council-adopted living wage policy, which applies to all regular, full-time employees.
- Funding for annual merit increases for our general and public safety open range employees at 2% or 4%. Broadband employees will also be eligible for variable merit increases based on performance; and
- Increases in the City’s contribution to the North Carolina Local Governmental Employees' Retirement System (NCLGERS) from 10.15% to 11.35% for regular, full-time employees and from 10.90% to 12.20 % for sworn law enforcement employees to align with direction from the LGERS Board of Trustees. There are no recommended changes from the LGERS Board for any changes for employee contributions.
Recovery and Re-imagining Our Community
The adopted budget for FY2022 focuses on recovery and re-imagining our community. Several reductions to the FY2021 budget associated with reduced revenue assumptions were restored, including the City July 4th Fireworks display and the addition of seven new full-time positions associated with expanded program and service requirements associated with the 2014 Parks Bond. Other adopted budget highlights include,
- A 1.0 cent property tax increase to support parks capital maintenance, Parks, Recreation & Cultural Resources will invest $3.0m in Laurel Hills Community Center to complete the renovation and install HVAC, $1.0m for improvements at the Pope House, $0.3m for fire system replacement at the Pullen Amusement Park, $0.2m for roof repairs at various community centers, $3.1m for facility improvements and upgrades.
- Elevates the Office of Equity and Inclusion to Department of Equity and Inclusion, which includes three full-time employees that will support the department’s work to lead equity initiatives throughout the organization.
- Funding for a citywide Minority, Woman and Business Enterprise Disparity Study which will assist the organization in effectively communicating contracting disparities.
- Creation of an Office of Community Engagement to assist in elevating community engagement efforts for our community.
- Creation of an Office of Strategy and Innovation to boldly reshape strategy, support ongoing cycles of continuous improvement for greater service delivery and lead citywide strategy and transformative projects.
- Continuing the city’s commitment to the creation of affordable housing and reducing /eliminating homelessness through the general fund contribution of $6.3 million to support affordable housing development.
- Funds critical capital asset maintenance including $8.0m for street resurfacing, $4.0m for pedestrian and bicycle improvements, and $2.0m for general facility improvements.
- Creation of a Parks and Greenway Patrol Unit that will include six dedicated sworn officers and one sergeant that will enhance public safety and promote use of these natural resources.
- Provides funding for a Five Points – Glenwood Avenue Corridor Study to evaluate potential intersection improvements in the vicinity of Five Points.
As the City of Raleigh continues to grow, the FY2022 adopted budget and FY 2022-2026 Capital Improvement Plan (CIP) reflect the prioritization of critical infrastructure investments. Funding will support priorities including affordable housing, water quality efforts, parks maintenance and a well-connected transportation system.
Want to see an individual department's budget, staffing levels, and programs for FY21? View our program catalog
For more information, contact the City’s Budget and Management Services Department at 919-996-4270 or view our Budget page.