Chapel Hill 2020 is encouraging residents to dream big, but officials want to make sure they keep the bottom line in sight.
Town manager Roger Stancil made a fiscal presentation to officials and community members, who then explored ways to tackle some of the town’s budget issues at Thursday’s Chapel Hill 2020 meeting.
The meeting, which was held at Frank Porter Graham Elementary School, was the third key working session for the assigned citizen theme groups contributing to the town’s new comprehensive plan.
Stancil said groups should take into account the tightening budget when considering Chapel Hill’s future plans.
“The scaling back will influence the way people think about Chapel Hill 2020 and how you pay for what you want, especially in a community that hasn’t generally had to think about that,” he said.
The town, which ran a deficit last fiscal year, should streamline public services and allocate resources more efficiently, Stancil said.
“We’ve run out of easy strategies to balance the budget,” he said.
Stancil said keeping taxes low and refraining from public employee layoffs and benefit cuts will make Chapel Hill more desirable to potential businesses and residents, including recent UNC graduates.
He referenced the loss of a new Wal-Mart to Chatham County as motivation for Chapel Hill to become more business friendly.