Town Manager Kip Padgett presented the Fiscal Year 2021-22 budget to the Board of Commissioners for consideration on Tuesday, May 4. Designed to reflect the goals and strategies outlined in the Town’s strategic plan, the budget will serve as the financial and spending plan for the period and, once adopted, authorize resources and establish a direction for Wake Forest programs and services for the coming year.
The proposed budget includes no change in the property tax rate ($0.495 per $100 of assessed property valuation), $0.14 downtown municipal service district tax ($0.14 per $100 assessed property valuation) residential solid waste fee ($21/month), or vehicle fee ($25). The budget also proposes 10 new full-time positions, eight of which will support the Police Department.
The public is invited to view a digital copy of the proposed budget online at https://bit.ly/TOWFBudget from now until Tuesday, May 18. On that date, a public hearing is scheduled during the regular Board of Commissioners meeting to receive public comment. The meeting begins at 7 p.m. in the Town Hall Board Chambers, 301 S. Brooks St.
Final budget approval by the Board of Commissioners is scheduled for the June 15 meeting. For more information, contact Chief Financial Officer Aileen Staples at [email protected].