Episode Details

Wilmington’s City Council just approved a massive $349.8 million budget—with a tense 4-3 vote—setting the stage for higher property taxes starting July 1st. Homeowners will pay an extra $18.17 monthly, based on a 5-cent hike per $100 of home value. To soften the blow, $2.5 million is being drawn from city savings to fund new police gear. Three council members opposed: two citing undue burden on residents, one criticizing the use of reserves. Over 70% of the budget goes to police and fire, plus pay raises and infrastructure upgrades. Despite dissent, city leaders say finances remain strong, backed by recent credit ratings. The new budget officially takes effect July 1, 2026.

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