Budget

The annual operating budget gives Apex town officials the authority to collect revenue and make expenditures, depending on the priorities of the council, community, and staff. 

Public Hearing - May 23rd

A public hearing will be held during the May 23rd Town Council meeting to receive feedback on the proposed budget for Fiscal Year 2023-2024 (FY24). View the full budget document online or in the Office of the Town Clerk. Attend the meeting in person, or visit this page to learn about the ways you can submit comments for the public hearing. 

Proposed Budget Highlights

  • Total budget (all funds): $213,410,500
    • General Fund: $102,072,200
    • Electric Fund: $51,837,800
    • Water & Sewer Fund: $28,974,200
    • Stormwater: $2,671,900
    • Non-major, Special & Capital Funds: $27,854,400
  • Property tax rate: $.44, an increase of $.03 from last year
  • Garbage & recycling: residential increase of $.93 from last year. These services are contracted with GFL and increases are a pass through of contracted increases
  • Yard waste: unchanged  
  • Electric rate: 5.5% increase 
  • Water rates: unchanged base rate, 4% increase in volumetric charge
  • Sewer rate: 4% increase from last year

Following Town Council’s direction, the budget is balanced with a tax rate of $0.44, an increase of $.03 from the current tax rate. This tax rate increase rounds out to $3,699,000 in additional revenue. These new tax revenues will help the Town fund new initiatives in a variety of focus areas. Six new police officer positions, new public safety support positions, and technology upgrades will help keep officers safe and accountable, and will help our Police Department better communicate with residents. An expansion to our Summer and Track Out camps will help residents find opportunities to keep students engaged when school is out, and a new cricket pitch and pickleball conversion will help residents find new ways to stay active. Lastly, new funds will help the Town fund initiatives Council has been interested in, such as a historical marker program, neighborhood grant program, and starting a new customer service program to keep residents informed.

Final Tax Increase

In preparing the FY24 budget, town staff followed guidance from Town Council’s strategic goals to develop a proactive budget that will balance improving current town programs and services with development of new programs and projects.

A Welcoming Community
Create a safe and welcoming environment fostering community connections and high quality recreational and cultural experiences supporting a sense of belonging 

Budget Items Related to this Goal:

  • Develop a Neighborhood Grant Program
  • Expand Mayor Internship / Engagement Program & add Town Council Component
  • Parks, Recreation & Cultural Resources camp, class and program expansions
  • Addition of police officers and additional School Resource officer for Elementary Schools
  • Vision Zero initiative to reduce vehicular accidents and fatalities
  • Enhancement of Historical Marker Program 

High Performing Government 
Deliver exceptional service valuing an engaged workforce with an emphasis on efficiency, collaboration, innovation, and inclusion

Budget Items Related to this Goal:

  • Transcription of all Meeting Minutes with Independent Contractor
  • Resident Satisfaction Survey
  • eDiscovery Project Implementation
  • Routing Software for Solid Waste
  • 311 Customer Relationship Management (CRM)
  • DEI Speakers/Facilitators (Staff & Community Events)
  • Capacity building through Limited Service Employees, NC Lead Fellowship & internship programs

Environmental Leadership
Commit to sustaining natural resources and environmental well-being 

Budget Items Related to this Goal:

  • Electric & Hybrid Fleet Replacements & Additions
  • Complete Charging Station Assessment with Implementation Timeline
  • Start Composting Bin Pilot for Town Facilities
  • Implement Green Initiatives in Town Facilities
  • Stream Restoration projects
  • Operating cost for Transit Program
  • Plant the Peak Tree Planting Program

Responsible Development 
Encourage equitable and sustainable development that provides accessibility and connectivity throughout the community 

Budget Items Related to this Goal:

  • Safe Routes to School Program Expansion
  • CSX Relocation Feasibility Study
  • Rapid Flash Beacon (Marking, Crosswalks)
  • Improving Bikeability across Apex 
  • Focus on Infrastructure Improvements - Pavement Management & ADA improvements
  • NCDOT S-Line Transit Oriented Development project 

Economic Vitality
Improve and sustain an environment that invites and retains a diversity of residents, employment opportunities, and businesses

Budget Items Related to this Goal:

  • Implement the Downtown Master Plan - Salem Street Downtown Projects
  • Downtown Façade Grant Program
  • Downtown Development Promotion & Marketing
  • Recruit, Retain, & Develop Businesses
  • Economic Development Incentives

How You Can Participate

  • Email: Your feedback on budget priorities are welcome any time throughout the budget planning process (All emails sent to this address are reviewed by budget staff and the full Town Council.)
  • Survey: Let us know what's important to you as we build the next annual budget through our citizen priority survey released annually. Keep an eye on social media in December for more information.
  • Speak Up: Our pre-budget public hearing was held during the regular Apex Town Council meeting on Tuesday, January 24th. The Budget public hearing will be held on Tuesday, May 23rd.