City budget meeting set for Friday

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.

This story was originally published April 17, 2015 at 3:00 AM with the headline "City budget meeting set for Friday."