On this page you'll find information regarding the approved budget for fiscal year 2024 - 2025. The approved budget totals $83,031,329 which includes all operating funds of the City. The budget process was developed to align with the goals and objectives of the City of Albemarle's Strategic Plan. The plan was developed following responses from residents to a community survey, feedback from City Staff, and input from City Council. The City of Albemarle's Strategic Plan includes five goals and strategies to achieve each goal:

• Organizational Capacity - Invest in our workforce to enhance city operations and efficiency to better serve the community.
• Safety & Security - Enhance resources and improve practices to protect our residents and safeguard the city in order to improve quality of life.
• Infrastructure - Invest in infrastructure needed to ensure reliable and consistent service delivery.
• Community & Economic Growth Opportunities - Guide growth and facilitate economic opportunities in order to benefit all residents and businesses.
• Inclusive Community Engagement - Enhance community amenities, programs, and services to engage residents of different backgrounds, lifestyles, and generations.

Budget Basics For Fiscal Year 2024/2025

The budget is balanced and includes no property tax increase.

There are no increases in planning and zoning fees.

Motor vehicle fees are unchanged.

Water & Sewer rates and fees are unchanged.

Solid Waste Disposal fee remains unchanged.

The average residential and small commercial Electric customer will experience approximately a 1% decrease in their electric bill.

The Solid Waste Collection fee will increase by $11.03 per month. Inflation has caused dramatic increases in garbage and recycling costs. The increased fee is needed to address the rising cost of doing business. Click here for more details.

Budget Highlights

The primary focus of capital spending in this proposed budget is on street maintenance, which is the top area for improvement cited in the community survey and a primary goal set by City Council. The $1,300,000 in the FY 2024/2025 Budget for funding for street maintenance represents, to date, the largest City allocation in this area.

Other Highlights:

Purchase of mobile-accessible restrooms for special events.

Replacement of ball-field lights at both Don Montgomery and Rock Creek Parks.

Generator installation at the Old Whitney raw water pump station.

Technology updates at all sanitary sewer lift stations.

Continuance of the water meter replacement plan.

Cleaning, inspections, and repairs for water plant clear wells.

Funding for improvements along the U.S. Highway 73 to enhance electric system reliability.

Funding for phase four of five in LED street light conversion project.

Police will add 3 vehicles for sworn officers.