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Town manager urges 2¢ property-tax increase to fund parks, public-safety projects
Summary
Fuquay Varina Town Manager Adam Mitchell proposed a balanced FY27 budget that includes a 2¢ property-tax rate increase to cash-fund four priority capital projects—Fleming Loop turf and pickleball courts, South Park Community Center renovation, Kennebec Road Town Park and land/construction for Fire Station 5—and to reduce long-term debt service costs.
Town Manager Adam Mitchell on Thursday presented a draft fiscal year 2027 budget and five-year plan for Fuquay Varina that would raise the municipal property-tax rate by 2¢, from 35.8¢ to 37.8¢, to cash-fund four priority quality-of-life and public-safety capital projects.
Mitchell told the town board the $83.3 million general fund budget is balanced and that the proposed 2¢ increase is dedicated solely to capital projects and debt-service savings, not day-to-day operations. “The 2¢ allows us to cash fund a majority of these projects versus borrowing the full amount, thereby saving the town on that debt service,” Mitchell said.
The tax proposal would support four projects Mitchell identified as priorities: Fleming Loop turf conversion and six…
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