Quick Launch

 

 Error

 
Web Part Error: An error has occurred.
Wake County News > Posts > County Manager Presents 2014 Recommended Budget
 

 Posts

 
May 20
County Manager Presents 2014 Recommended Budget

​Wake County Manager David Cooke presented the County’s fiscal year (FY) 2014 recommended budget to the Board of Commissioners during its regularly scheduled meeting Monday, May 20, 2013.

The $982,800,000 budget holds the property tax rate at 53.4 cents for the fifth year in a row, and focuses on priorities and addressing the greatest needs. The resources continue to be allocated to the highest priority areas: public safety, education, and human services and public health. The recommended budget also funds development related services, which have shown recent growth, such as the Register of Deeds, building inspections and the Revenue Department where seven positions are added to accommodate demand for services.
 
"Real estate development is showing signs of recovery in new residential building permits with an increase of 60 percent over the same time period from a year ago," said Cooke. "The tax base is also projected to grow at a steady and modest rate of 2.67 percent, more than twice last year's growth rate."
 
With these improved trends and resulting revenue growth, the County used the same principles to allocate resources that have been used for the last several years:
  • Focus on core services and priorities;
  • Realign existing resources to meet priority needs, without raising the property tax rate; and
  • Maintain the long-term focus.
"As the economic recovery occurs, we find ourselves also in the position of identifying priority service areas that need attention," said Cooke. "We've identified areas where we recommend adding resources to respond to service demands, while not expanding the role of county government."
 
The total Wake County budget will increase by $44.3 million, or about 4.7 percent, in FY 2014 compared to the previous fiscal year, recommended to be allocated as follows:
  • Education: $9.2 million
  • Public Safety: $9.1 million
  • Human Services and Public Health: $4.8 million
  • Debt and Capital: $17.4 million
  • Other County Activities: $8.1 million
The Board of Commissioners took no formal action on the budget Monday, other than to accept it for review. View a copy of the budget here.
 
The budget process will include public hearings and a Board of Commissioners work session prior to the Board's adoption of the budget. The schedule is as follows:
Public Hearings
  • Monday, June 3, 2013, 2 p.m.
  • Monday, June 3, 2013, 7 p.m.

Work Session

  • Monday, June 10, 2013, 9 a.m.
    Board Consideration and Formal Action
  • Monday, June 17, 2013, 2 p.m. 
 
The public is also invited to give feedback regarding Wake County’s budget by calling 919-856-5433, emailing budget@wakegov.com or attending and speaking at one of the aforementioned public hearings.
May 20
County Manager Presents 2014 Recommended Budget

​Wake County Manager David Cooke presented the County’s fiscal year (FY) 2014 recommended budget to the Board of Commissioners during its regularly scheduled meeting Monday, May 20, 2013.

The $982,800,000 budget holds the property tax rate at 53.4 cents for the fifth year in a row, and focuses on priorities and addressing the greatest needs. The resources continue to be allocated to the highest priority areas: public safety, education, and human services and public health. The recommended budget also funds development related services, which have shown recent growth, such as the Register of Deeds, building inspections and the Revenue Department where seven positions are added to accommodate demand for services.
 
"Real estate development is showing signs of recovery in new residential building permits with an increase of 60 percent over the same time period from a year ago," said Cooke. "The tax base is also projected to grow at a steady and modest rate of 2.67 percent, more than twice last year's growth rate."
 
With these improved trends and resulting revenue growth, the County used the same principles to allocate resources that have been used for the last several years:
  • Focus on core services and priorities;
  • Realign existing resources to meet priority needs, without raising the property tax rate; and
  • Maintain the long-term focus.
"As the economic recovery occurs, we find ourselves also in the position of identifying priority service areas that need attention," said Cooke. "We've identified areas where we recommend adding resources to respond to service demands, while not expanding the role of county government."
 
The total Wake County budget will increase by $44.3 million, or about 4.7 percent, in FY 2014 compared to the previous fiscal year, recommended to be allocated as follows:
  • Education: $9.2 million
  • Public Safety: $9.1 million
  • Human Services and Public Health: $4.8 million
  • Debt and Capital: $17.4 million
  • Other County Activities: $8.1 million
The Board of Commissioners took no formal action on the budget Monday, other than to accept it for review. View a copy of the budget here.
 
The budget process will include public hearings and a Board of Commissioners work session prior to the Board's adoption of the budget. The schedule is as follows:
Public Hearings
  • Monday, June 3, 2013, 2 p.m.
  • Monday, June 3, 2013, 7 p.m.

Work Session

  • Monday, June 10, 2013, 9 a.m.
    Board Consideration and Formal Action
  • Monday, June 17, 2013, 2 p.m. 
 
The public is also invited to give feedback regarding Wake County’s budget by calling 919-856-5433, emailing budget@wakegov.com or attending and speaking at one of the aforementioned public hearings.

FacebookTwitterE-newslettersFlickr