There are many municipalities in the Wake County area. As a resident of the Town of Cary we maintain the lowest property tax rate in Wake County with the highest quality of life.As a citizen you always wonder if the Town is efficient and staying above water? We all remember when Sonny Bono's town in California went bankrupt. .
Here are a few interesting trends:
- Cary has $20 million in required reserve, $39 million of four month worth of operating costs, and $17 million available for pay-as you-go capital.
- The Town of Cary has issued no new debt for capital since 2008.
- The Town of Cary current debt service is 11.6% of operating expenditures with the debt ceiling set at 15%.
- The Town of Cary delayed projects include $34 million in streetscapes, $13.5 million in Aquatics, $10 million in Land Banking, and $24 million for other high priority projects.
That said,The Town of Cary is doing an excellent job of managing the town resources. If you are thinking of moving to the Town of Cary I'd love to help you find the perfect home!
