Board approves $86.6M budget
Tax rate is $0.495, monthly waste fee of $21 begins in 2021 During a hour-long meeting Tuesday night the Wake Forest commissioners all approved Town Manager Kip Padgett’s proposed budget of $86,645,395 for the 2020-2021 fiscal year. The new property tax rate after Wake County’s revaluation will be 49.5 cents per $100 which includes about 2 cents for the inclusion of the fire department within town government; a cent and a half ($0.015) to meet the town’s transportation needs; and half a cent ($0.005) for an affordable housing plan using community initiatives. The general fund budget for most town activities is $56,053,825. The overall budget shown above includes all the various funds. You can find a full description of the budget in the May 6, 2020 issue of the Gazette. Either scroll through to find it or enter “budget” in the question box. Commissioner Chad Sary said the staff had