Local News

Cary Adopts Budget, Holds Line on Taxes

Posted June 29, 2007

— The Town Council adopted a $381 million budget Thursday that includes no property tax or solid waste fee increases.

The budget includes $28.2 million for street improvements and other transportation initiatives, $29.8 million for water projects, $155.4 million for sewer projects, $2.7 million for general government needs, $1.7 million for fire, and $8.3 million for parks including $1 million for open space.

The tax rate will remain at 42 cents per $100 of valuation, and the solid waste collection fee will continue to be $11.75 per month. Town utility rates will increase 4.3 percent, or $2.73 more a month for a Cary customer using 7,000 gallons of water.

Forty-five employees will be added to the town's payroll under the new budget.


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  • WakeHammer Jun 29, 2007

    This budget is a sad statement on who is really running our town. Two-thirds of the total budget is on infrastructure to support growth. Once this year's elections are over, we'll see what the real tax implications are. Next year when our homes are reassessed and rise in value, I sincerely doubt that Cary will issue a commensurate decrease in the tax rate to keep this neutral. Our town debt is at record-high levels, and we don't make growth pay for itself. Sooner or later we will all pay for the strip-mining of Cary.

  • 68_polara Jun 29, 2007

    Nice to see one local government held the line on tax increases this year. Durham county sure didn't.

    From the news and observer Jun 26

    Tax bills for Durham County homeowners will increase 3 percent next year after a unanimous vote by county commissioners Monday to approve a $641 million budget.

    The 2.5-cent boost in the county tax rate takes it to 83.4 cents per $100 in property value. For residents in the city, that hike will be paired with a 1.5-cent increase in the city's rate.

  • JerryO Jun 29, 2007

    Glad to see they are not raising my taxes. Now, if only they would be a little smarter by spending the money for things like fixing the potholes around Crossroads and Cary Pkwy and not wasting it on things like that stupid pedestrian walkway over US1. I guess they feel that since Raleigh is dumb enough to build one, Cary had to have one too.