Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Wake Forest adopts FY 2025-26 budget, holds property tax rate at 42 cents; commissioner seeks nonprofit accounting
Summary
The Wake Forest Board of Commissioners unanimously approved the fiscal year 2025-26 budget and kept the town's property tax rate at 42 cents per $100 of assessed value. A commissioner asked for greater transparency on how town funds awarded to local nonprofits are spent.
The Wake Forest Board of Commissioners unanimously approved the town's fiscal year 2025-26 budget during its regular meeting, keeping the property tax rate unchanged at 42 cents per $100 of assessed value.
The budget vote funds town priorities the board described as infrastructure and public safety while avoiding an increase in the property tax rate. One commissioner thanked the town's financial team and called for more transparency from nonprofit grant recipients, saying, "I would like to see accounting of how our funds are used."
The town manager…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
