Yesterday, the Fayetteville City Council Members approved the budget for Fiscal Year 2023 after several weeks of deliberation and public hearings.
The $249.17 million budget comes without a tax rate increase for Fayetteville residents. The budget will provide more than $6.8 million in pay increases for City staff to address recruitment and retention.
The budget continues the work of the City’s strategic plan from recent years to make Fayetteville a desirable place to live, work and play while adding funding to areas that will meet that goal.
“Together, we have achieved unprecedented success in recent years, and this budget continues that work,” said Mayor Mitch Colvin. “I’m pleased through this budget we will advance important initiatives in housing affordability, public safety, public infrastructure, recreation and economic development, all without a tax increase for residents. The forward-looking FY23 budget celebrates all we have accomplished while ensuring our City is positioned for growth now and into the future.”
Highlights from the budget include:
To learn more about the budget, visit here.
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