The Charlotte City Council will hold a budget workshop Friday afternoon that’s expected to cover budget cuts and could include options for a property tax increase.
The city is trying to close a roughly $22 million budget shortfall that’s primarily caused by the loss of the business privilege license tax and the recent Mecklenburg County property revaluation.
The $22 million gap assumes the city enacts a wage freeze for the upcoming fiscal year, which begins in July. If the city enacted an across-the-board 1 percent cut to all departments, the shortfall would shrink to about $16 million.
The meeting will be held at 1:30 p.m. Friday in room CH-14 at the Government Center.
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