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Cary Town Council Adopts FY18 Budget as well as Town Manager’s Reimaged, Ongoing Process

Post Date:06/23/2017 7:29 AM
  • $311 million total recommended budget allocates $242 million for operations and $68 million for capital projects; property tax rate and solid waste fee unchanged while utility rates rise three percent.
  • Process officially shifts from annual “budget event” to quarterly updates using rolling forecasts for increased responsiveness and agility.
  • First quarterly update set for October 24, 2017.





Full Release

Cary, NC –Last night at its regular meeting, the Cary Town Council adopted a $310,656,885 budget for Fiscal Year 2018, which runs from July 1, 2017 through June 30, 2018.  The approved budget, which tracks closely with the recommended budget proposed by Town Manager Sean R. Stegall on May 11, 2017, is 2.9 percent less than the current year’s adopted budget. The property tax rate remains unchanged at 35 cents, and the solid waste fee is unchanged at $16 per month. The utility rate increase is held to three percent. 

The  adopted budget is $242,083,601 for operations and 68,573,284 for capital projects, including: a detective to help advance the community’s efforts to address the opioid crisis and a position to help plan transit capital projects (funded through Wake County’s designated sales tax); $3 million toward the grade separation of CSX Rail at Carpenter Fire Station Road; $850,000 to design a neighborhood park near Cameron Pond Drive;  $1 million for historic preservation; $300,000 for owner-occupied housing rehab; $100,000 for downtown façade improvements; and $250,000 for increased economic development activity, including community branding.

In addition to agreeing with his budget recommendations, the Town Council supported Stegall’s proposal to shift from an ”annual budget event” to a corporate model where staff makes regular updates to the Council using rolling forecasts of both revenues and expenditures. The Council also chose to go with Stegall’s approach of setting aside $1.38 million in available expansion funds to help support the outcomes of the quarterly discussions, the first of which is set for October 24, 2017.  Along with the financial updates, topics queuing up for the quarterly discussions include: open space, sidewalks, Higgins Greenway, and expanding the Town’s use of body cameras.

Stegall said, “Along with our financial discussions, these quarterly meetings will provide an opportunity for staff and Council to continuously work together to determine how the organization will adapt to keep Cary great by fulfilling the vision set forth in the Imagine Cary Community Plan.”  Adopted by the Town Council in late January, Cary’s new community plan (aka Imagine Cary) was several years in the making and involved thousands of participants. It sets Cary’s course through 2040 and addresses where and how citizens will live, shop, work, move, engage and much more.  

View the Adopted Budget under the “Publications” section at Printed copies of the proposed budget will be available for review starting August 31 at the Town Clerk’s Office in Cary Town Hall and at both Wake County libraries in Cary: 4000 Louis Stephens Drive and 310 S. Academy Street.



Primary Contacts

Karl Knapp, Budget Director, (919) 462-3911

Susan Moran, Public Information Director, (919) 460-4951

Deanna Hawkes, Deputy Public Information Officer, (919) 380-4240


Town of Cary Budget

Imagine Cary-Cary Community Plan 

Town Manager Sean R. Stegall 


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