Submitted by Marissa Jasek on Tue, 05/15/2012 - 10:14pm.

WILMINGTON, NC (WWAY) -- During Tuesday night's meeting, Wilmington City Council members heard a presentation for the recommended $86.3 million general fund budget, which is $1 million more than last year's adopted budget. The budget director recommends a three-cent tax increase, from 42 cents to 45 cents per $100 of value. The extra money would go toward a five-year capital improvement program, adding up to $41 million. It would help fund various public improvement projects, including streets, parks & recreation and public facilities. The budget also calls for a two-percent pay increase for all city employees, with one percent deferred compensation at midyear. City council will hold work sessions on the budget both on June 4 and June 6, with a public hearing in between on June 5. The budget must be adopted by June 30.

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