Here is the latest information of interests to budget, financial and management analyst for NC local government:
NC League of Municipalities
2012 Annual Budget & Tax Rate Survey Results Released
Wednesday, NCLM Research Director Karl Knapp released the League’s latest update to their annual survey on budget and tax rate performance. More than 450 municipalities responded to their late-summer survey.
- 67% of respondents reported that revenues were better able to support increased spending levels, up from 53% last year and relatively-close to pre-recession confidence levels.
- In order to balance budgets, more municipalities than last year chose to raise tax rates and increase or add fees, while much fewer than last year chose to cut specific program expenditures of eliminate employee pay increases.
- General government services like finance, human resources and administration remain the hardest hit by budget limitations and necessary spending cuts.
- Nearly 55% of those responding to a question about service reduction reported that sanitation services had been scaled back.
- Approximately 45% of those reporting on job eliminations indicated they eliminated positions in Police (highest), general government was second (39%).
- Fewer municipalities eliminated positions, reduced employee benefits or cut capital spending compared to last year.
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