Local Politics

Cary proposes smaller budget

Posted May 9, 2008

— Town Manager Bill Coleman has proposed a $306 million budget for the 2008-09 fiscal year, which is about 20 percent lower than the town's current budget.

The proposal includes a 7 percent increase in operating funds, to $166.3 million, and a 38 percent decrease in capital spending, to $139.4 million. Cary's tax rate would drop from 42 to 33 cents per $100 valuation under the plan, meaning the owner of a $300,000 home would pay $990 in local taxes a year.

“The proposed (fiscal year 2009) budget takes a very conservative approach to new spending while ensuring that Cary citizens will continue to enjoy the high quality programs and services our community is known for,” Coleman said in a statement.

The proposal adds 25 full-time positions, mostly in police, technology services, finance, parks and public works and utilities.

Other highlights of the budget include $61.1 million for street improvements, downtown streetscaping and other transportation initiatives; $37.7 million for sewer projects; $19.6 million for parks, including the renovation of the old Cary Elementary School; and $11.2 million for water projects.

The monthly solid waste fee would increase from $11.75 to $14 under the proposed budget to cover increasing operating costs and new recycling benefits. Cary water and sewer customers also would see a 1.2 percent rate increase, or about 77 cents more a month for a residential customer using 7,000 gallons of water.

Public hearings to discuss the budget proposal have been scheduled for 6:30 p.m. May 29 and 6:30 p.m. June 12 in the Town Council Chambers, at 316 N. Academy St.


This story is closed for comments.

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  • miketroll3572 May 9, 2008

    Leonardo, don't know why you say that except for you just don't know. If I can live in Cary and own a house, anybody can. You just won't live in Preston, or McGregor or any of the other high priced neighborhoods.

  • lizard May 9, 2008

    Read the news release closely. Revenue neutral would be 32 cents. But it's going to 33 cents. So more taxes will be collected from people based on the new rate with the new values.

  • Harrison Bergeron May 9, 2008

    In other news, the residents of Hades are having a snowball fight.

    Wow. This can only mean that the End Of The World is near.

  • enoughsenough May 9, 2008

    Lowering taxes and creating 25 jobs usually do not go hand in hand, but nice to hear they can do it.

  • Steve Crisp May 9, 2008

    Well now look at that. A city which is the eight fastest growing one in the nation, a city that is almost half the size of Raleigh, can manage not only to balance its budget while providing for essential services, but also lower taxes.

    Are you listening Meeker?

  • feyerdncr May 9, 2008

    Leonardo...Luckily I already live in Cary, and have for nearly 15 years. I just don't like to admit it in these posts for fear that if the moderators found out they wouldn't post my comments! I've always known it is a great place to live and raise a family.

  • Leonardo May 9, 2008

    Thanks for the comment. What's interesting is that Cary already has the lowest municipal tax rate in the county (tied with Apex actually), and now they're going to have BY A LARGE MARGIN the lowest tax rates in the county.

    Unfortunately, you cannot move there because the property values are too high to afford, and this is only going to make the property values even higher.

  • Leonardo May 9, 2008

    whatelseisnew: "The school system is a bottomless pit. I hope to see the day come when people will have enough of it and demand that the legislature shut the system down and start over with a new system."

    I totally agree. We need to tear down all the schools and start over from scratch. Then we won't be wasting any money.

    Really...we shouldn't be spending money to ejukate those kids anyway...they're nothing but a bottomless pit for our money.

  • feyerdncr May 9, 2008

    Leonardo, I'm so glad someone said that! Cary gets such a bad rap, but some people over there must know something those nimrods in the other municipalities don't. Like how to lower taxes and not run out of water!

  • whatelseisnew May 9, 2008

    Yeah Wake County will have to raise rates next year; even revenue neutral they are gaining quite a few million dollars more. The school system is a bottomless pit. I hope to see the day come when people will have enough of it and demand that the legislature shut the system down and start over with a new system. The existing one is one cesspool that needs to be drained dry. Unless action that drastic is taken, the system will just consume more and more dollars while it delivers ever worsening results.