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Rolesville board adopts FY2025-26 budget and related financial measures
Summary
The Rolesville Board of Commissioners adopted the town's fiscal 2025'26 budget and approved three companion financial measures — a county tax collection authorization, a CIP resolution and a capital project ordinance — by voice votes at its June 17 work session.
The Rolesville Board of Commissioners adopted the town's FY2025'26 budget and approved related financial measures at a June 17 work session, ensuring town operations and capital projects have funding beginning July 1, 2025.
The Chair called for consideration of the budget, and Eric moved to adopt a budget ordinance for the fiscal year beginning July 1, 2025, through June 30, 2026; the motion was seconded and approved by voice vote. The board then approved a resolution authorizing the Wake County Department of Revenue to levy and collect Rolesville property taxes, adopted a nonbinding capital improvement plan for fiscal years 2025'2030 and approved a capital project ordinance dated June 7, 2025 that commits funds to specific capital work.
Why it matters: Adopting the budget and the capital project ordinance funds town operations and sets spending authority for projects. The authorization for Wake County to collect taxes enables property tax collection and the CIP resolution sets the town's multi'year planning priorities.
Amy, who led the finance explanation to the board, said staff discovered a shortfall to pay the Board of Elections this fall and "just took some of that [contingency] to go ahead and re'appropriate for that," a change from the version the board reviewed two weeks earlier. The budget ordinance adopted at the meeting reflects that reallocation.
Eric, the town manager, encouraged residents to review budget documents and contact staff with questions about how tax dollars are spent, saying the town is "an open book" on fiscal administration.
The board approved each item by voice vote; the meeting record shows the motions were seconded and the Chair declared the ayes had it. The adoption means town hall will remain open on July 1, 2025 as planned.
Next steps: The board recessed into a closed session later in the meeting to receive an investigative update and discuss attorney'client matters; no additional public business was planned for after the recess.
