And yes, that means taxes are going up for you.
The $1.47 billion dollar budget proposal is paid for with a 10 percent property tax increase.
"You have to remember that 3.8 cents of that tax increase were voted on last year for the bond," Ellis said to ABC11 following his presentation.
$1.5 Billion: Wake County Manager David Ellis presents his budget proposal to county commissioners. Includes a $36.5 million increase for WCPSS. That is $12.4 million less than the superintendent requested. #abc11 pic.twitter.com/e6TYkx42u9— Joel Brown (@JoelBrownABC11) May 6, 2019
Wake County voters approved an over $1.1 billion in bond funding in 2018 for construction at Wake schools and Wake Tech.
Now, it's time to pay for it.
More than half of the property tax increase covers the bond spending. Add on another two and a half cents for expanded county spending. It comes out to a 6.36 cent total tax increase.
For homeowners in a $300,000 home - you will pay an extra $16 a month in property taxes, or $192 more a year.
Ellis recommends 6.34-cent property tax increase. He points out more than half of that increase funds bond projects approved by voters. #abc11— Joel Brown (@JoelBrownABC11) May 6, 2019
Wake County school parents and teachers were at the meeting as well, some pleading with the commissioners to give the school district exactly what it's asking for.
That did not happen.
The school system requested an additional $48.9 million. The county manager proposed an extra $36.5 million or $12.4 million dollars less.
But Ellis points out it's the first time ever that the county's total contribution to Wake schools has exceeded a half-billion dollars.
"It is the first time and we're trying to make significant allocations to the school system to assist them in doing what they do, continue to do well," Ellis said.
When asked how WCPSS might respond to his budget proposal, Ellis said "Well, this is a multi-step process. So I submit my recommended budget and then there'll be some conversations that take place."
For all you Wake County Library lovers, one of the quality of life components in the Wake budget proposal eliminates library late fees. The county believes it would be one of the first library systems of its size in the nation to do it. #abc11 #WakeCounty pic.twitter.com/UICPXW6t7U— Joel Brown (@JoelBrownABC11) May 7, 2019
Those conversations begin immediately.
The Wake County School Board meets on Tuesday to make adjustments to its spending plan.
Then on May 20, county commissioners will hold public hearings on their spending plan.
A final vote on the budget is set for June 3.