Budget

Budget CoverThe Budget Management Department is responsible for directing the planning, development, and execution of the Town's annual operating and capital improvements budgets. 

The budget serves as the Town's financial and spending plan for the period of July 1, 2024, through June 30, 2025. The document authorizes resources and establishes a direction for Wake Forest programs and services for the coming year.

2024-25 Budget Essentials

2024-25 Proposed Budget 

2024-25 Town Manager's Budget Message

2024-25 Town Manager's Budget Presentation

2024-25 Budget Highlights 

Public Hearing on 2024-25 budget set for May 21

Town Manager Kip Padgett presented the Fiscal Year 2024-25 budget to the Board of Commissioners for consideration on Tuesday, May 7.

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 public is invited to view a digital copy of the proposed budget until Tuesday, May 21. On that date, a public hearing is scheduled during the regular Board of Commissioners meeting to receive public comment. The meeting begins at 6 p.m. in the Town Hall Board Chambers, 301 S. Brooks St. 

Final Budget Approval

Final budget approval by the Board of Commissioners is scheduled for the June 18 meeting.