Local Politics

Wake budget deficit grows to $23M

Posted January 26, 2009

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— Wake County's tax collections continue to lag, pushing the county budget further into the red, officials said Monday.

New projections call for a deficit of at least $23 million in the 2008-09 budget, up from earlier forecasts of a $17 million shortfall.

County departments were asked in November to cut their spending by 4 percent to match the slowdown in revenue, and officials said Monday that the cuts should cover the best case scenario of a $23 million shortfall.

Much of the savings will come from a hiring freeze the county has put in place, leaving 149 county government positions vacant, officials said. The Wake County School system, Wake Technical Community College and other programs also returned a combined $6 million to the county.

The county is projecting a 2009-10 budget of about $965 million, which could involve more extensive cuts before the budget is approved in June.

Although County Manager David Cooke previously asked department heads to outline how they would cut 10 percent from their budgets, he said Monday that he doesn't foresee having to make such drastic cuts in the coming year.

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  • nobama Jan 27, 2009

    You either have to bring in more money or stop spending or some of both. Or we can spend the next 18 months trying to figure out where to go and what to do about the problem. Perhaps studies and research firms need to be hired to find out why we are in this mess.

  • jsanders Jan 27, 2009

    There are plenty of suggested ways for county leaders who really want to get budgets under control here: http://johnlocke.org/site-docs/CLI/2008issueguide/index.html

  • whatusay Jan 27, 2009

    Simple solution...cut expenses and spend less.

  • JaySee Jan 27, 2009

    < tax collections continue to lag >

    I would like to see the reason why they lag stated in these articles. Is it because the budget is growing or because tax collections are dwindling. Put some numbers down to make the point. Here we are in a rapidly declining economy and the government is expanding, costing even more. No wonder there is a shortfall. And our elected officials have no shame in raising the hidden fees and taxes to make up for their excessive spending.

  • PeaceOut2017 Jan 27, 2009

    Wake County should invest in Nancy Pelosi style birth control and it'll save money and stimulate the county's economy at the same time!

  • BULLDOZER Jan 27, 2009

    Even though I love America and still believe this is the best place in the world, I have to say that we have a real mess and politicians(both of them..all of them) deserve all of the blame. They have taxed, fee, levied, assessed,fined us all into the poor house. There will never be enough tax money for any politician. Just sickening. I am almost 40 years of age and I am disgusted at what we have to pay in taxes. Now I know why older Americans are so irritable. I think I am running for office next year and see if I can annoy some senior politicians

  • Bob3425 Jan 27, 2009

    Wake county is okay, they turn down ICE funding because they want illegal who bleed the social system and burden the taxpayers. You all got good leaders, I hope all of cumberland county illegal find their way there.

  • Ripcord Jan 26, 2009

    "Why is it no one in government "gets" this?"

    Because they think we won't use our guns.

  • A_Patriot Jan 26, 2009

    When I'm in the red, I STOP SPENDING.

    Seriously - treat the entitlements, the pet projects, the pork as last started, first eliminated until the red ink is removed.

    Alternatively, reduce every budget proportionately to recoup the red ink.

    Why is it no one in government "gets" this?

  • Ripcord Jan 26, 2009

    Pass a law that inversely indexes county executive and Raleigh mayor pay to the budget deficit... the higher the deficit the less pay they get. The same should be done with the state legislature and congress itself.

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