Lincolnton mayor John Gilleland and city council members will hold a special called meeting this Wednesday to discuss the proposed 2014-2015 budget as well as employee health insurance options and a proposed water contract with Lincoln County.
At this time, City Manager Jeff Emory has proposed an operating budget of $28,486,070. Five major funds are included in the budget: General, Water and Sewer, Electric, Occupancy Tax Fund and Powell Bill Fund.
Key highlights of the proposed budget include a 2-percent property tax increase, a 5.2-percent electric rate increase, a water and sewer increase of 4 percent and a 2-percent increase for textile customers. City council members will also discuss North Main Street and Generals Blvd Intersection Improvements through the Powell Bill Fund, the opportunity for take-home vehicles for police officers, 90-gallon roll-out containers for residential customers and the elimination of coordinating health benefits for spouses.
A public hearing will be held in June to receive comments from citizens on the proposed budget. By state statute, the budget must be adopted by July 1.
The meeting will begin Wednesday at 6 p.m. in the Council Chambers of City Hall and is open to the public.