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FY 2023-2024 Adopted Budget Infographic

Page 1

2023 | 2024

BUDGET

Total Budget

$478.5M

ELECTRIC UTILITIES

ENVIRONMENTAL HEALTH

PUBLIC SAFETY

DEBT SERVICE

RECREATION & NEIGHBORHOODS

GENERAL GOV.

$135,366,700

$32,707,813

CAPITAL PROJECTS

$96,061,843

$36,238,036

TRANSPORTATION $17,969,294

$35,474,023

HighPointNC.gov/Budget

$72,385,742

$52,334,136


KEY INITIATIVES The City of High Point, North Carolina

CULTURE & RECREATION

WATER/SEWER INFRASTRUCTURE RECRUITMENT AND RETENTION

• REPLACE WATER/SEWER LINES • SYSTEM IMPROVEMENTS • WATER TANK MAINTENANCE • LEAD AND COPPER RULE REVISIONS • WASTEWATER TREATMENT PLANT IMPROVEMENTS

• AVERAGE 3% MERIT INCREASE • SIX WEEKS PAID PARENTAL/CAREGIVER LEAVE • CREATION OF FULL-SERVICE EMPLOYEE HEALTH CLINIC

PARKS & RECREATION

• LIBRARY FLOORING •MUSEUM HVAC AND BUILDING IMPROVEMENTS • NEW PLAYGROUND EQUIPMENT • RECREATION CENTER IMPROVEMENTS • ENHANCED PARKS MAINTENANCE AND IMPROVEMENTS

STREETS ELECTRIC INFRASTRUCTURE

TRANSPORTATION

• TRAFFIC SIGNAL TIMING • MAIN STREET INTERSECTION IMPROVEMENTS • RAILROAD CROSSING IMPROVEMENTS • TRAFFIC SIGNAL SYSTEM UPGRADE

• CEMETERY PAVING • RESIDENTIAL STREET RESURFACING & IMPROVEMENTS

• TRANSFORMER REPLACEMENTS • AUTOMATED METER INITIATIVE • OUTDOOR & STREET LIGHTING • OVERHEAD TO UNDERGROUND CONVERSION


REVENUE SOURCES PROPERTY TAX

17.4%

SALES & USE TAX LICENSES & FEES

10.1%

UTILITY FEES

39.6%

CHARGES FOR SERVICE

16.6%

INTERGOVERNMENTAL

REVENUES FUND BALANCE,

INTER-FUND CHARGES

NO PROPERTY TAX RATE INCREASE NO INCREASE IN ELECTRIC RATES $1 SOLID WASTE FEE INCREASE $1 STORMWATER FEE INCREASE 4% WATER/SEWER RATE INCREASE These investments will help improve the quality of life for our residents, businesses and visitors while allowing us to make the City of High Point the single most livable, safe and prosperous community in America.

5.9%

10.4%


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FY 2023-2024 Adopted Budget Infographic by cityofhighpoint - Issuu