FISCAL YEAR 2019-20
Town of Garner
BUDGET IN BRIEF ®
Town Preserves Superior Level of Service in Adopted FY 2019-20 Operating Budget Garner residents still enjoy lowest cost for services in Wake County
THE GARNER TOWN COUNCIL adopted a $ 37,444,625 annual operating budget for fiscal year 2019-2020 . This budget was developed following a comprehensive review of current and future year requirements .
As part of this review , it was determined that a combination of market forces , increasing service demands and unfunded mandates has significantly impacted the Town ’ s ability to fund critical operating requirements . As a result , the Town ’ s property tax rate was increased by 2.75 cents to 56 cents per $ 100 of assessed value . This will allow the Town to continue
Revenues , FY 2019-20 funding critical services and to meet core requirements . The decision to raise taxes was made only after performing a review to determine the impact on Town residents and the Town ’ s competitiveness in the region . As the chart on the next page indicates , Garner households have the lowest cost for municipal services in Wake County even after the tax increase . While Garner ’ s tax rate is higher than those of many peer jurisdictions , our town ’ s property tax includes annual solid waste fees , which account for nearly 6 cents . In addition , the Town does not charge an annual storm water fee .
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Expenditures , FY 2019-20
Revenue Type |
Council Approved |
Percent of Budget |
Category |
Council Approved |
Percent of Budget |
Property Taxes
Permits and Fees
Other Taxes and Licenses
Intergovernmental
Sales and Services
Investment Revenues
Other Revenues
Other Financing Sources
$ 20,586,638 55 %
$ 2,309,580 6.2 %
$ 7,158,010 19.1 %
$ 3,323,780 8.9 %
$ 695,210 1.9 %
$ 580,000 1.5 %
$ 201,000 0.5 %
$ 2,590,407 6.9 %
TOTAL $ 37,444,625 100 %
General Government
$ 8,826,793 23.6 % Public Safety $ 12,687,532 33.9 % Transportation $ 4,348,231 11.6 %
Solid Waste and Recycling
Cultural and Recreational
$ 2,136,083 5.7 %
$ 3,564,164 9.5 % Debt Service $ 3,758,355 10.0 % Transfers $ 2,123,467 5.7 %
TOTAL $ 37,444,625 100 %