BOC approves $139 million budget for FY 2025-26

During its June 17 meeting, the Wake Forest Board of Commissioners approved a $139 million budget for fiscal year 2025-2026, which begins July 1.

Aligned with the goals and strategies in the Town’s strategic plan, the budget will serve as the financial and spending plan for the next fiscal year, authorize resources, and establish a direction for Wake Forest programs and services for 2025-26.

The approved budget includes no change in the property tax rate ($0.42 per $100 of assessed property valuation), downtown municipal service district tax ($0.14 per $100 assessed property valuation) or vehicle fee which remains at $30. The Stormwater Utility fee structure also remains unchanged.

The budget calls for a $1/month increase in the residential solid waste fee ($24/month), and a 3% increase in Wake Forest Power’s residential energy charge (an average increase of $3/month) scheduled to take effect September 1, 2025.  

The budget also includes 18 new full-time positions, including five Stormwater Utility crew members and five employees at the Wake Forest Center for Active Aging for which the Town will assume operational and programming responsibilities on July 1, 2025.

For more information, visit https://bit.ly/TOWFBudget or email Budget & Performance Manager Michelle Daniels at mdaniels@wakeforestnc.gov.