Wake Co. manager presents $982.8 million budget for FY 2014 - WSLS 10 NBC in Roanoke/Lynchburg Va

Wake Co. manager presents $982.8 million budget for FY 2014

Posted: Updated:
RALEIGH, N.C. -

Wake County's manager presented the Board of Commissioners with a $982.8 million budget for the fiscal year 2014 during the board's regularly scheduled meeting Monday.

The proposed budget represents an increase by $44.3 million, or about 4.7 percent, in FY 2014 compared to the previous fiscal year.

"As the economic recovery occurs, we find ourselves also in the position of identifying priority service areas that need attention," Wake County Manager David Cooke said. "We've identified areas where we recommend adding resources to respond to service demands, while not expanding the role of county government."

$9.2 million of the $982.8 million budget would be allocated to education, $9.1 million to public safety, $4.8 million to human services and public health, $18.4 million to debt and capital, and $8.1 million to other county activities.

The budget also holds the property tax rate at 53.4 cents for the fifth year in a row, and funds development-related services.

"Real estate development is showing signs of recovery in new residential building permits with an increase of 60 percent over the same time period from a year ago," Cooke said. "The tax base is also projected to grow at a steady and modest rate of 2.67 percent, more than twice last year's growth rate."

The Board of Commissioners took no formal action on the budget Monday other than to accept it for review. The board is expected to take formal action on the budget June 17.

Public hearings will be held June 3 at 2 p.m. at the Wake County Courthouse and at 7 p.m. at the Wake County Commons Building.

RELATED LINKS

  • PoliticsMore>>

  • Hagan contrasts persona, GOP in NC Senate campaign

    Hagan contrasts persona, GOP in NC Senate campaign

    Saturday, April 19 2014 11:51 AM EDT2014-04-19 15:51:50 GMT
    Kay Hagan's self-identification as a middle-of-the-road U.S. senator who fights for the middle class, among other groups, and responds effectively to constituent requests may sound trite coming from any politician's mouth seeking re-election.
    Kay Hagan's self-identification as a middle-of-the-road U.S. senator who fights for the middle class, among other groups, and responds effectively to constituent requests may sound trite coming from any politician's mouth seeking re-election.
  • Cooper asks NC court to intervene in rate increase

    Cooper asks NC court to intervene in rate increase

    Saturday, April 19 2014 11:46 AM EDT2014-04-19 15:46:50 GMT
    Attorney General Roy Cooper is asking the N.C. Supreme Court to intervene once again on behalf of consumers in light of a decision to restore a rate increase sought by Duke Energy.
    Attorney General Roy Cooper is asking the N.C. Supreme Court to intervene once again on behalf of consumers in light of a decision to restore a rate increase sought by Duke Energy.
  • NC clergy write to Republican government leaders

    NC clergy write to Republican government leaders

    Friday, April 18 2014 7:37 PM EDT2014-04-18 23:37:10 GMT
    Several clergy members opposed to Republican policies approved in North Carolina are asking to meet with GOP state government leaders before the legislative session begin next month.
    Several clergy members opposed to Republican policies approved in North Carolina are asking to meet with GOP state government leaders before the legislative session begin next month.
Powered by WorldNow

WSLS 10, P.O. Box 10
Roanoke, VA 24022-0010

Telephone: 540.981.9110
Fax: 540.343.3157
Email: news@wsls.com

Can't find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Media General Communications Holdings, LLC. A Media General Company.