The Financial Strategy Division's responsibilities include directing the planning, development, and execution of Cary’s annual operating and capital improvements budgets. Budget functions also include Council goal-setting, funding source identification, revenue and expenditure forecasts, and all projects such as performance measurement and operational studies.

FY 2025 Adopted Budget

The FY 2025 budget was adopted by Town Council in June 2024 and will cover the period from July 1, 2024 to June 30, 2025.

The FY 2025 Adopted Budget document can be viewed here and includes the following:

  • Includes a tax rate* of $0.325 and a solid waste fee of $23 per month
  • Includes a 3% utility rate increase
  • The budget covers the cost of prior investments and obligations, creates a long term funding strategy for capital and continues to fund core maintenance 

*This link will take you to our Taxes & Assessments webpage. Once there, be sure to click on the link that takes you to an interactive dashboard, designed to help you see how property revaluations have impacted the value of your home and your Cary property tax bill. 

Learn more about how the annual budget is developed.

Budget Archive

Budgets for years prior to FY 2020 may be obtained by dialing 3-1-1 in Cary, (919) 469-4000 outside town limits, or by submitting an online request.

Nonprofit Funding

Cary provides funding to nonprofit 501(c)(3) organizations as part of its annual budget process. Organizations can apply for general nonprofit funds or cultural arts funds. To be eligible for funding, an organization must promote, provide, or support services in Cary that support Council's mission and services. A call for applications is issued in January and applications are due March 1. The two applications for funding and Cary’s policies regarding each type of funding can be found below.