FY 25 Adopted Budget | Página 43

Strategic Priorities

Orderly Growth ( OG ) continued
These developments will continue to support strong commercial growth within the Town and provide existing and new residents with improved services . Despite the significant growth experienced , the Town ’ s careful planning has allowed for a relatively balanced residential and commercial tax base . As of FY 2023 , the tax base was composed of 46 % commercial and 54 % residential per Wake County ' s most recent data .
The primary reason the Town can accommodate significant growth is its partnership with the City of Raleigh ’ s Water and Sewer system . In 2006 and 2010 , the Town purchased additional water and sewer capacity which will allow the Town to grow 5 percent annually through 2040 . In addition , this partnership allows Town residents to receive some of the lowest water and sewer fees in the region .
The Town ’ s ability to accommodate growth allows for the Economic Development Department to continue to work on attracting investments through a comprehensive strategy . The strategy includes supporting small business development through Launch Garner , an entrepreneurship training and mentoring program , and the economic revitalization efforts of the Downtown Garner Association while continuing to attract and retain larger industrial businesses .
ACTUALS FY21-22 .
ACTUALS FY22-23 .
AMENDED FY23-24 .
ADOPTED FY24-25 .
EXPENDITUERS
Chamber of Commerce
$ 33,000
$ 33,000
$ 33,000
$ 48,500
GARNER ECONOMIC DEV CORP
$ 45,000
$ 45,000
$ 45,000
$ 45,000
DOWNTOWN GARNER ASSOCIATION
$ 29,869
$ 41,936
$ 41,936
$ 41,936
Total
$ 107,869
$ 119,936
$ 119,936
$ 135,436
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