Revenue Summary
The total FY2024-2025 Town of Garner Adopted Budget is $ 74.5 million an increase of $ 8.2 million , or 12 percent , over the FY2023-2024 Amended Budget . The increase is a result of continued growth within the Town that was recognized through property value increases resulting from Wake County ' s 2024 property revaluation process . Details on both the revenue and expenditure adjustments are included in the sections that follow .
Revenue Summary
The FY2024-2025 Adopted Budget includes revenue of $ 74.5 million an increase of $ 8.2 million , or 12 percent , over the FY2023-2024 Amended Budget . This increase is primarily based on property values increasing after revaluation . As illustrated below , the Town ’ s ability to grow and maintain a high quality of public services is highly dependent on the Property Tax , Sales Tax , and Other Taxes categories , which are anticipated to generate 75 percent of the Town ’ s revenue .
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