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Fuquay Varina releases $76.6 million FY26 budget recommendation; no property tax increase, 15% water/sewer rate hike proposed
Summary
Town Manager Adam Mitchell presented a $76,565,157 recommended FY26 operating budget and balanced five-year plan; staff recommended scheduling a public hearing for May 20 and proposed a 15% increase in water and sewer rates while keeping the property tax rate unchanged.
Town Manager Adam Mitchell presented Fuquay Varina's recommended fiscal year 2026 operating budget and five-year capital plan, a $76,565,157 proposal that staff says is balanced and does not include a property tax increase.
Mitchell asked the board to schedule a public hearing on the recommended FY26 budget for May 20 and said the town will continue to host materials online for public review. "The fiscal year '26 recommended budget totals $76,565,157," Mitchell said, adding that the recommendation "does not include a property tax rate increase or a change in solid waste fees." The board voted to schedule the May 20 public hearing.
The draft budget recommends a planned 15% increase in water and sewer base and volumetric rates, consistent with the town's utility rate model, and an increase to the sewer system development fee…
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