FISCAL YEAR 2020-21
Town of Garner
BUDGET IN BRIEF ®
Town Maintains Affordability , Great Services with FY 2020-21 Budget
Garner residents still enjoy lowest cost for services in Wake County
THE GARNER TOWN COUNCIL on June 16 unanimously adopted a $ 40,695,534 operating budget for fiscal year 2020-21 , which began on July 1 . A breakdown of revenues and expenditures by categories is provided in the tables below . The following provides a summary of the adopted budget ( visit garnernc . gov / departments / finance for more ):
• The budget includes a tax rate of $. 4971 per $ 100 of assessed value , which is an increase of 3.5 cents above the revenue-neutral rate of $. 4621 per $ 100 of assessed value . A
Revenues , FY 2020-21 revenue-neutral rate is defined as the rate that is estimated to produce revenue for the next fiscal year equal to the revenue that would have been produced for the next fiscal year by the current tax rate if no property revaluation had occurred . Garner is projected to have the lowest effective tax rate in Wake County ( see the table on the next page ).
• The new budget includes funding to support SEE NEXT PAGE
Expenditures , FY 2020-21
Revenue Type |
Council Approved |
Percent of Budget |
Category |
Council Approved |
Percent of Budget |
Property Taxes
Permits and Fees
Sales Tax and Other Taxes
Intergovernmental
Fees for Service
Interest Revenue
Other Revenue
Other Financing Sources
$ 23,075,723 56.7 %
$ 2,587,080 6.4 %
$ 5,834,338 14.3 %
$ 3,288,318 8.1 %
$ 589,710 1.4 %
$ 450,000 1.1 %
$ 202,500 0.5 %
$ 4,667,865 11.5 %
TOTAL $ 40,695,534 100 %
General Government
$ 10,345,857 25.4 % Public Safety $ 12,968,502 31.9 % Transportation $ 3,547,036 8.7 %
Development Services
Solid Waste and Recycling
Cultural and Recreational
$ 3,511,312 8.6 %
$ 2,321,786 5.7 %
$ 3,905,182 9.6 %
Debt Service $ 4,095,858 10.1 %
TOTAL $ 40,695,534 100 %