Town Manager Kip Padgett presented the Fiscal Year 2026-2027 budget to the Board of Commissioners for consideration May 5. Aligned with the goals and strategies detailed in the Town’s strategic plan , the budget will serve as the financial and spending plan for the next fiscal year. Once adopted, it will authorize resources and establish a direction for Wake Forest programs and services for the period July 1, 2026, through June 30, 2027.
The proposed budget includes no change in the property tax rate (42 cents per $100 of assessed property valuation) or vehicle fee which remains at $30, and a one cent decrease in the downtown municipal service district tax (from 14 cents to 13 cents per $100 assessed property valuation).
The proposed budget calls for a $1/month increase in the residential solid waste fee (from $24 to $25/month) and no change in either Wake Forest Power’s residential energy charge or Stormwater Utility fee structure…