Wilmington Mayor John Carney signed off on a 2027 budget that includes water and sewer rate increases but no property tax hike.
The Fiscal Year 27 budget including General Fund and water/sewer expenditures totals $312.5 million. Wilmington’s residential and non-residential property owners will see no change to their property tax rates but water and sewer rates increased by 7%. Stormwater rates also increase by 7%.
In order to avoid raising property tax rates this year, the city had to pull from its reserves. Carney said that could make next year’s budget process more difficult…