Tax rate remains at 52 cents
Wake Forest is “maximizing its resources,” Chief Financial Officer Aileen Staples said Wednesday morning during a telephone discussion about the 2018-2019 budget Town Manager Kip Padgett unveiled Tuesday night. She was referring to the several major projects and staff increases in the $44,505,780 general fund budget that includes $26,771,960 from the property tax which remains at 52 cents per $100 assessed valuation. The 52 cents is broken out into 11 cents for the independent Wake Forest Fire Department (proposed at $5.7 million) and 42 cents for town operations aside from the separate Wake Forest Power. The last time the town commissioners raised the tax rate was in 2014 when then-Town Manager Mark Williams proposed a 1-cent increase for the fire department’s share toward the operating expenses for the new Jenkins Road fire station. In 2008 the commissioners added 4 cents in lieu of garbage and recycling fees and two pennies