On Monday, City of Goldsboro interim City Manager Matt Livingston and Finance Director Catherine Gwynn will present the Manager’s Recommended Budget for FY2024-2025 to the Goldsboro City Council.
The total proposed budget is nearly $86.5 million, an increase of $9.8 million. The bulk of the general fund increase — $6.3 million — is dedicated primarily to salary increases for police and fire department personnel. The budget also includes a 2.5% cost of living adjustment for all employees.
The increases will be effective in the first full pay period in July. A proposed 15-cent property tax increase has been recommended to fund the salary increases. For a homeowner with a house valued at $175,000, this represents an increase of $263. The additional $3.5 million is being funded through anticipated revenue increases and $1.1 million from the fund balance.
The public is invited to speak at the FY24-25 Budget public hearing on June 3 at 7 p.m. in Council Chambers at City Hall, 214 N. Center Street.
