Overview
The Cary Town Council was officially presented the Recommended Fiscal Year 2008 Budget at its regular meeting on Thursday, May 10, 2007. Fiscal Year 2008 covers the time period from July 1, 2007 through June 30, 2008.
The budget was officially adopted by the Cary Town Council at their meeting on June 28, 2007. The adopted budget includes the recommended budget detailed below along with this list of approved changes to the recommended budget. The complete adopted budget, with approved changes integrated throughout the document, will be posted to the Web site by the end of August 2007.
Budget at a Glance
| Property Tax Rate | 42 cents per $100 of property valuation (no change) |
| Sanitation Fee | $11.75 per month (no change) |
| Utility Rates | Increase of 4.3% for a residential customer using 7,000 gallons per month (click here to go straight to the detail utility rates by tier) |
| General Capital | This category of capital projects includes transportation ($37.2 million), Fire ($1.6 million), Parks ($7.3 million), and General Government ($2.7 million). |
| Utility Capital | This category of capital projects includes water ($29.8 million), and Sewer ($155.4 million). |
| New Staff | A total of 41.25 new full time equivalent (FTE) positions are included in the Recommended Budget. This represents an increase of 3.8% and brings the Town's total number of positions to 1,122.375. |
Read the Budget Message as delivered with the Recommended Budget.
Read the complete Recommended Budget.
Read the May 8 news release.
Read the June 29 news release
To receive a printed copy of the complete Recommended Budget, send an e-mail to budgetinput@townofcary.org, call (919) 319-4506 or visit the Administration Department at Cary Town Hall. A printed copy is also available for viewing at the downtown Cary Library, and at the West Regional Library located at 4000 Louis Stephens Drive.