Popular Annual Financial Report For fiscal year ended June 30, 2023 | Page 7

Garner ’ s Location Makes It a Great Place to Be
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Bonds . In FY 2022-23 , the Town issued $ 21.6 million of the general obligation bonds authorized by the 2021 referendum .
The adopted FY 2022-23 budget was a 14.4 percent increase over the previous year ’ s budget and included a property tax rate increase of four cents , bringing Garner ’ s tax rate to 55.21 cents per $ 100 of valuation . The four-cent increase on Garner ’ s tax rate equated to an additional $ 93.50 annually for property valued at the average in Garner . In future fiscal years , two cents of the tax rate increase will be dedicated to debt service on the $ 69 million bond program .
The FY 2022-23 budget enabled the hiring and training of 15 firefighters to staff a new fire station on Caddy Road in the fast-growing U . S . 401 / Ten Ten Road area of southwest Garner . It also provided the Town with the capacity to make other investments in public safety , including life safety equipment and fire inspections staffing .
The local economy remains robust . Garner ’ s largest employers include an Amazon fulfillment center that employs over 3,000 people , the Wake County Public School System , and numerous retail and distribution-sector employers .

Garner ’ s Location Makes It a Great Place to Be

Garner is situated in the heart of the world-famous Research Triangle region . Its proximity to elite research universities , essential transportation infrastructure , and stunning beaches and mountains makes it a great place to live , work and play .
UNC Chapel Hill 30 miles
Duke University 32 miles
Research Triangle Park 20 miles
RDU Int ’ l Airport
17 miles
Downtown Raleigh 5 miles
NC State University 7 miles
NC Mountains 3.5 hours
GARNER
NC Beaches 2 hours
Wake Tech 7 miles
Port of Wilmington 2 hours
POPULAR ANNUAL FINANCIAL REPORT 2023 | 7