Padgett unveils 2020-2021 budget
Wake Forest homeowners should be relieved. Despite two large changes – this year’s property tax revaluation that added value to most homes and the incorporation of the Wake Forest Fire Department into town government – plus the greatest disruption of life and the economy in 100 years, Wake Forest Town Manager Kip Padgett and Chief Financial Officer Aileen Staples are proposing a reasonable budget that promises to begin to solve some long-standing traffic woes. Tuesday night, after town board’s work session, Padgett said, “We’re in good shape. This budget wasn’t as hard as you might think with everything going on related to COVID-19. It is very conservative financially. We are making sure our CIPs [Capital Improvement Projects] are balanced and we have strong fiscal reserves. If we can save money, we’re going to jump on it.” He praised the town board for its strategic plan, updated frequently, because it allows the staff to know what your priorities are. Padgett is proposing a