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Raleigh manager proposes $1.78 billion FY2026 budget with no property tax increase; highlights pay raises and capital plans
Summary
City Manager presented a $1.78 billion all‑funds budget for FY2026 that holds the property tax rate steady, implements a citywide compensation study, and funds capital investments including Dix Park and an advanced planning fund.
The city manager presented the proposed fiscal year 2026 operating budget and five‑year capital improvement plan to the Raleigh City Council on May 20, saying the plan balances at $1,780,000,000 and requires no property tax increase.
The budget “represents the operational cost for the city of Raleigh for the period of 07/01/2025 to 06/30/2026,” the city manager said during opening remarks. The proposal dedicates $657,100,000 to the general fund and includes a planned full implementation of a recently completed classification and compensation study.
Budget director Sadia Sitar, Budget and Management Services director, told the council the study will be fully funded in the budget and implemented in September 2025 at a total cost of $35,800,000 across all funds. Sitar said the proposed pay adjustments include a 9% increase for exempt employees, an 11% increase for public safety and…
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