A new budget of $573.5 million has been approved by the Cary Town Council. An increase in property taxes is included in the budget which is designed to boost financial oversight and curb staffing shortages in public safety.
Town staff said that this new plan for spending is an investment that is one of the largest in public safety in the history of Cary. Harold Weinbrecht, mayor of Cary, said that $111 million ill go to fund dozens of positions for fire, police, and 911, which is the beginning of a public safety recovery plan for the next three years. Weinbrecht added that a new police officer has not been hired in Cary in 10 years despite the growth of the community.
The increase in property taxes will cost homeowners in Cary $15 more per month, which is an increase of eight percent. This new rate of 36.75 cents per $100 is between those of neighboring Raleigh, which is higher by less than one cent, and Holy Springs, which is lower by about two cents.
Weinbrecht accounted for the low tax rate in Cary in recent years to a misleading and incomplete assessment of the long-term needs of the town.
Russ Overton, interim town manager, said two new roles in the finance department will be created as a result of the new budget. More details about such budgets and their benefits and impact on a town can be disseminated with flyer printing.
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Cary, NC 27513
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