Raleigh City Council Approves $457 Million Budget
Posted June 20, 2005
RALEIGH, N.C. — The Raleigh City Council voted 5 to 3 Monday in favor of a $457 million budget for the 2006 fiscal year.
This represents an increase of 12.31 percent over the previous year's budget and includes a $60 million road and a $20 million affordable housing referendum that Raleigh voters will decide on October 11. If approved, the referendum would cause a 2-cent increase in Raleigh's property tax rate.
Among other additions, the budget also includes 16 new positions for the Raleigh Police Department, including 12 officers; $115,000 to implement an anti-graffiti program and funding for road resurfacing.