Budget
The budget serves as the Town's financial and spending plan for the period of July 1, 2024, through June 30, 2025. The document authorizes resources and establishes a direction for Wake Forest programs and services for the coming year.
2024-25 Budget Essentials
2024-25 Town Manager's Budget Message
2024-25 Town Manager's Budget Presentation
2024-25 Budget Highlights
2024-25 Budget Work Session Presentation
BOC approves $128.7 million budget for FY 2024-25
During its June 18 meeting, the Wake Forest Board of Commissioners approved a $128.7 million budget for fiscal year 2024-2025, which begins July 1.
Aligned with the goals and strategies in the Town’s strategic plan, the budget will serve as the financial and spending plan for the next fiscal year, authorize resources, and establish a direction for Wake Forest programs and services for 2024-25.
The approved budget includes a property tax rate decrease from $0.505 to $0.42 (per $100 of assessed property valuation), $0.14 downtown municipal service district tax (per $100 assessed property valuation) and the vehicle fee which remains at $30.
Final Budget Approval
Final budget approval by the Board of Commissioners is scheduled for the June 18 meeting.
