Wake County Manager recommends $1.8 billion budget, property tax increase, for 2024 fiscal year

The budget proposal has not been approved and the public will have a chance to voice their opinions on the propsal.

Posted 11:24 p.m. May 1 — Updated 2:36 a.m. May 2

Wake County Manager David Ellis present his proposed budget for the 2024 fiscal year to the Wake County Board of Commissioners Monday night.

According to a news release from the county. The budget proposal, which totals $1.8 billion, includes significant investments in various programs, including housing affordability, public safety and child welfare.

Ellis' proposal also includes a property tax increase of 3.25-cents, bringing the property tax rate to 65.2 cents per $100 of property value, averaging to an additional $98 in the next fiscal year for median-valued homes.

According to Wake County, the tax increase would generate an additional $65 million for the General Fund and Debt Services Fund if the proposal is approved.

Ellis said his proposal focuses on three themes: "Community safety, continuing to reimagine how the county does business and a people-first approach."

“Before I started building the budget, I asked our staff to find new ways to reduce costs, increase efficiency and better utilize existing resources,” Ellis said. “Then, I closely evaluated the requests for additional funding and included in my recommended budget those that would have a real impact on the health, safety and wellbeing of our nearly 1.2 million residents.”

Residents can share their thoughts on the budget by going on Wake County's website, filling out an online form and submitting it to the county.

The board of commissioners will hold their first work session on the budget on May 8.

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