Mecklenburg's economy has 'clearly slowed,' county manager says

County Manager Dena Diorio says county tax revenues are increasing more slowly than usual

The following article appeared in the May 17, 2024, edition of The Charlotte Ledger, an e-newsletter with smart and original local news for Charlotte. We offer free and paid subscription plans. More info here.

---

County forecasts sales tax revenue to be nearly flat, compared with recent double-digit increases; Shortfall at register of deeds because of real estate downturn

County Manager Dena Diorio said Thursday that the local economy has cooled off, leading to slower growth in county tax revenues and contributing to the need for a tax increase.

“While the overall economy of the region remains steady, it has clearly slowed, and ongoing revenues are not anticipated to grow as fast as they have in recent years,” she said.