{"id":551,"date":"2026-05-19T19:05:41","date_gmt":"2026-05-19T19:05:41","guid":{"rendered":"https:\/\/durhammovinghub.com\/?p=551"},"modified":"2026-05-19T19:05:41","modified_gmt":"2026-05-19T19:05:41","slug":"raleighs-draft-budget-cuts-spending-but-raises-tax-rate-how-much-you-could-pay","status":"publish","type":"post","link":"https:\/\/durhammovinghub.com\/?p=551","title":{"rendered":"Raleigh\u2019s draft budget cuts spending but raises tax rate. How much you could pay."},"content":{"rendered":"

AI-generated summary reviewed by our newsroom.<\/p>\n

Read our AI Policy.<\/a><\/p>\n

Raleigh\u2019s city manager on Tuesday proposed a smaller budget but a higher tax rate to counter stalling property tax revenue.<\/p>\n

Read more Why country star Eric Church\u2019s commencement speech at UNC has gone viral<\/a><\/p>\n

City Manager Marchell Adams-David\u2019s proposed fiscal year 2027 budget of $1.76 billion is about 1% less than this year\u2019s budget of $1.78 billion.<\/p>\n

But it contains a tax rate increase of 1.7 cents per $100 of assessed property value.<\/p>\n

The new tax rate of 37.2 cents would see the owner of a roughly $391,000 home, the median assessed value in Raleigh, pay a city property tax of about $1,454.50. That\u2019s a nearly $67 increase over the current tax rate.<\/p>\n

The proposed budget includes 23 new police officer positions and a dozen new firefighter positions, but it eliminates 45 currently vacant city positions and holds vacant another 26 positions.<\/p>\n

Read more Most affordable store-brand groceries in NC: Here\u2019s where to shop, report says<\/a><\/p>\n

\u201cThe proposed budget protects our existing services while adjusting to the realities of the fiscal pressures we currently face,\u201d Adams-David said in a news release. \u201cIt reflects difficult decisions, grounded in fiscal stewardship, that position Raleigh to sustain the high standards of service our community deserves.\u201d<\/p>\n

Meanwhile, Wake County Manager David Ellis has proposed raising the county\u2019s tax rate 2 cents, to 53.71 cents per $100. For a $391,000-valued Raleigh home, that would add about $78 to the current Wake County tax bill of about $2,022.<\/p>\n

If both tax rate increases are approved, they would result in a total city and county property tax bill of nearly $3,554.50, a roughly $145 increase.<\/p>\n

Read more Former Wake Forest Farmers\u2019 Market manager charged with embezzlement<\/a><\/p>\n

The City Council will vote on its budget in June.<\/p>\n

This story was originally published May 19, 2026 at 2:38 PM.<\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Raleigh proposes a 1.7-cent property tax rate increase to boost stalled revenues; median $391,000 home would see about $67 more, city budget down roughly 1%.<\/p>\n","protected":false},"author":1,"featured_media":550,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-551","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-read-todays-edition"],"yoast_head":"\nRaleigh\u2019s draft budget cuts spending but raises tax rate. 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