Your guide to understanding Winston-Salem’s budget funds
Property taxes are the largest single source of revenue for the city. | Photo by WStoday
Winston-Salem City Council is preparing to vote on the 2024-2025 fiscal year budget on Monday, June 17. City Manager Pat Pate proposed a $658.9 million budget that would take effect July 1 if approved. Here are some funding terms you should know regarding the city’s budget + how your tax dollars are contributing to future projects.
General Fund
This budget comes from property taxes, income tax, sales tax, intergovernmental revenues (includes utilities franchise tax, beer and wine tax, and gasoline tax), and charges for services. The city uses this fund for expenses and to provide municipal resources such as police, fire, sanitation, streets, transportation, and recreation services.
The city is required to maintain 16% of its budgeted expenses in the general fund balance so that there’s sufficient funding for operations and capital needs (see page 33).
Special Revenue Funds
This come from specific revenue sources that are reserved solely for special projects like the Midtown Economic Development Grant Fund, the Downtown Winston-Salem Business Improvement District Fund, and the Emergency Rental Assistance Fund.
Debt Service Fund
The city has debts, too. These funds pays the principal or interest accrued over time for long-term projects like water sewer services and parking. Part of this fund comes from property tax revenues and sales taxes.
Capital Project Funds
This fund goes towards the acquisition or construction of major capital improvements. Think street resurfacing projects, the Salem Parkway Multi-Use Path project, and sidewalk maintenance. These projects are funded by general obligation bonds, federal and state capital funds, general fund balance appropriations, and capital reserves.
Want to have a say in how the city should spend tax dollars? Residents can phone in comments about the proposed budget on the city’s citizen feedback line at 336-734-1400.
Asked
What else would you like to know about the city’s budget?
Yoga Teacher Training Info Session and Free Class | Monday, June 10 | 5:30-7 p.m. | Sunrise Yoga Studio, 6311-A Stadium Dr., Clemmons | Free | Learn what it takes to become a yoga teacher or to deepen your knowledge of the practice.
Tuesday, June 11
Girls’ Night Out | Tuesday, June 11 | 5-7 p.m. | Boutique Wines, 848 W. 5th St., Winston-Salem | $20 | Connect with friends over drinks and appetizers, plus enter to win giveaway prizes like a hydrafacial and bottle of rosé.
Winston-Salem Dash vs. Greensboro Grasshoppers | Tuesday, June 11 | 7 p.m. | Truist Stadium, 951 Ballpark Way, Winston-Salem | $13-$53 | Every Tuesday, the first 250 fans through the gates of Truist Stadium will receive a free Winston-Salem Pint Glass as a keepsake from the 2024 season.*
Wednesday, June 12
Harnessing the Power of Herbs | Wednesday, June 12 | 12-1:30 p.m. | Tanglewood Park, Walnut Hall, 4061 Clemmons Rd., Clemmons | Free, RSVP | Learn to grow herbs in your home garden and how to use them to add flavor to your meals.
Thursday, June 13
“On Your Feet” Open Mic Night | Thursday, June 13 | 6:45 p.m. | The Bookhouse, 120-A Reynolda Village Way, Winston-Salem | Free | Readers will take five minutes to share their original work with a live audience. All genres are welcome.
Friday, June 14
Souljam Live Music | Friday, June 14 | 7 p.m. | Joymongers Brewing Co., 480 W. End Blvd, Winston-Salem | Free entry | Listen to one of the Triad’s well-known bands and groove to the music with friends or acquaintances over drinks.
Swing, batter batter, swing — this is your sign to cheer on the Dash this week. | Photos provided by Winston-Salem Dash; GIF by WStoday
ICYMI, the Dash are home at Truist Stadium this week, Tuesday through Sunday. Fans can cheer them on as they take on cross-town rivals, the Greensboro Grasshoppers. Bonus: There’s also an exciting lineup of theme nights, including:
Progress on a future cocktail bar at Bailey Park is coming along. NexGen Builders has an insider sneak peek into Dutch Light Bar (450 N. Patterson Ave.) that’s expected to open this summer. Want to know what else is coming soon? Check out our guide to recent developments in the Twin City.
Real Estate
This might be your last chance to see these historic homes in Ardmore. Register for a pop-up tour of Lockland Avenue today, June 10 at 6 p.m. Preservation Forsyth is working with City Council and Ardmore Neighborhood Association to discuss options to save the 10 houses along the 200 and 300 block.
Read
Want to meet other book lovers in Winston-Salem? Join Foothills’ Brewing Summer Book Club Social on Tuesday, June 25 at Bookmarks. Find your next read or your next book club at the event which starts at 6 p.m. Tickets cost $25 and include a dessert, a drink of your choice, and a 20% book club discount.
Winstonian
Meet the new chancellor of NC Central University. The UNC Board of Governors elected Winston-Salem native Karrie Dixon to lead the university in Durham. The chancellor-elect was among the top three finalists from a field of more than 50 candidates. (Winston-Salem Journal)
Shop
Woman-owned business Royal Highnies uses airy, 400-thread count Pima cotton to create luxury loungewear for the whole family. It all began with boxer shorts, and now, trademarked Highnies are sold in over 500 retailers — but you can snag free hats for Father’s Day exclusively online with code ROYALDADDY24.*
Health
What happens when you combine German engineering with the world’s most trusted name in hearing care? The biggest breakthrough in hearing technology in more than a decade: the Horizon hearing aid. (This is not your grandpa’s hearing device.)See if you qualify for a free trial.*
The Buy
Cool off on National Iced Tea Day with refreshing peach iced tea from Oliver Pluff & Co. Plus, you can purchase by the pound.
Answered
Last week, we asked what kind of experience you’d like to book with the Winston-Salem’s Picnic Ladies — here’s what you said:
Elevate your picnic experience with Winston-Salem’s Picnic Ladies
Imagine a small, intimate movie night under the sky. | Photo by Brooklynn Shayne Photography via WS Picnic Ladies
50% of you said picnic
33% said movie night
7% said elopement
7% said proposal
ICYMI, here’s how WS Picnic Ladies are creating a unique experience in Winston-Salem.
Shout out to Lotus Yoga Academy for hosting Sunset Salutations in Bailey Park. It was a very grounding experience (no pun intended) to be part of their yoga class last week. I got to connect with my body and my mind with no distractions. I left feeling inspired to take more time for mindfulness during my day. If you missed it, 2B Yoga will lead the next class on Friday, July 11.
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