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Cary Keeps Lowest Property Tax in Wake as Town Council Adopts $261 Million Budget to Fund Fiscal Year 2015

Post Date:06/26/2014

CARY, NC – At tonight’s regular meeting, the Cary Town Council approved a $261 million budget to keep Cary one of the greatest places to live, work and raise a family. The work and management plan is a conservative approach to funding core municipal services; it dedicates $209 million to support operations and $51 million to fund capital projects. Funded projects of note include the Cary Tennis Park Renovation and Expansion; Morrisville Parkway Extension; extending C-Tran service hours; and resurfacing 25 miles of Town-owned streets.

While there is no property tax increase for the coming year, the FY15 budget includes several modest fee increases. Effective July 1, building permit fees will increase by about five percent. Water and sewer rates will increase just 3.5 percent—about $2.21 more per month for residents using 4,500 gallons of water—to help pay Cary’s share of the expanding the water treatment plant that Cary co-owns with Apex.

“With improvements in the national economy now slowly making their way to the local level, we’re in a somewhat better position this year to be able to address our community’s expectations for excellent service,” said Town Manager Ben Shivar.

The adopted budget funds 25.5 new or expanding positions including: six police officers for a new patrol beat in northwestern Cary; a Code Enforcement Chief; a Zoning Compliance Officer; a Wastewater Systems Technician; and converting the Therapeutic Recreation Specialist to a full-time position. With these positions, the Town’s total staff is just 1,222 or about 8.2 staff per 1,000 Cary residents—one of the lowest staff-to-citizen ratios in the state and still less than Cary’s FY2007 ratio, even though over 30,000 people have moved to and required services from Cary since then.

As in the past, this year’s budget preparation declared February as Budget Public Input Month. Nearly 90 citizens participated, a level nearly double the average number of participation since Fiscal Year 2006. The Town Council held work sessions on May 22 and June 12 to review and discuss the budget as well as public hearings at each of its regular Council meetings on May 22 and June 12. North Carolina law requires local governments to adopt a balanced budget by June 30 since the new fiscal year starts July 1.

The Town Manager’s proposed budget, which is nearly unchanged from the adopted budget, is available at www.townofcary.org; the adopted budget is expected to be online  and available at Town Hall and at the public libraries in Cary in September.

PRIMARY CONTACTS:
Ben Shivar, Town Manager, (919) 469-4007
Karl Knapp, Budget Director, (919) 462-3911
Deanna Boone, Deputy Public Information Officer, (919) 462-3908
Susan Moran, Public Information Director, (919) 380-4240

RELATED LINKS:
FY15 Adopted Budget
List of Associated Town Council Adopted Changes
Budget Public Input Summary
Budget Development

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