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Wake County Commissioners approved the Fiscal Year 2008 Budget at its regular meeting on June 18, 2007.
The adopted budget includes an additional $6 million over the recommended budget for schools, increasing funding to $24.9 million.
Highlights of the fiscal 2007-08 budget:
- The budget totals $920,031,000, an 8 percent increase over the fiscal 2006-07 budget.
- Property taxes will increase from 63.4 cents to 67.8 cents per $100 of assessed valuation.
- School operating funding will increase by $24.9 million to $300.7 million.
- Wake Technical Community College funding will increase 18 percent, for a total appropriation of $17.5 million.
- The Sheriff's Office will receive a 5 percent increase, for a total appropriation of $57.6 million.
- The new Northern Regional Center, set to open January 2008, will receive $1.2 million and 40 new staff positions for Human Services, as well as law enforcement, revenue and inspection programs.
 
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