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Fuquay Varina adopts $76.6 million general fund budget with no property tax increase; water and sewer rates to rise 15%
Summary
On June 2 the Fuquay Varina Board adopted the fiscal year 2025–26 operating budget, keeping the property tax rate at 35.8¢ per $100 of assessed value, maintaining the $23 monthly solid-waste fee, and approving a 15% increase in water and sewer base and volumetric rates; the board also authorized Wake County to collect town taxes.
The Fuquay Varina Board of Commissioners adopted the fiscal year 2025–26 operating budget on June 2, approving a general fund budget of $76,565,157 while leaving the town’s property tax rate unchanged at 35.8 cents per $100 of assessed value.
Town manager Adam Mitchell said the budget process was public and noted the general fund total in presenting the adoption motion: “The recommended budget for the general fund totals $76,565,157. The budget maintains the current property tax rate of 35.8¢…
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