The budget will be much leaner and jobs, programs and services would be cut in the Triangle's largest county.
"The decline in our rate of growth, home sales and new construction have had an adverse affect on the County’s revenue streams," said Cooke. "We are committed to balancing the budget without increasing taxes, and because this is a long-term financial challenge, we determined that reductions in the budget must be sustainable."
Sales tax revenues are down and because of the slowing housing market, less dollars are going to the county.
Cooke is expected to recommend cutting between 100 and 150 jobs.
"When we get to the point where we're talking about people's jobs, I mean that's a serious conversation," Cooke said.
Other likely cuts include the Human Services Department. Some libraries may have to close and some people fear the effect that may have on children.
"We all know that if children can read and have access to technology, they become more literate," said Jill Ray, library patron. "So, I think it would definitely impact them the most."
An area that will likely be spared is public safety, including sheriff's deputies and EMS workers.
The Board of Commissioners took no formal action on the budget Monday, other than to accept it for review.
The budget process will include public hearings and a Board of Commissioners work session prior to the Board’s consideration of the budget. The schedule is as follows:
Monday, June 1, 2009, 2 p.m., Wake County Courthouse, Room 700
Monday, June 1, 2009, 7 p.m., Commons Building, Wake County Office Park
Monday, June 8, 2009, 9 a.m. Ground Floor Conference Center, Wake County Office Building
Board Consideration and Formal Action
Monday, June 15, 2009, 2 p.m., Wake County Courthouse, Room 700