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Apex
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taxes budgetCritical priorityopen

FY 2027 budget and tax increase

Apex

Summary

Budget hearing speakers demanded the council hold property taxes flat, citing a 50% tax bill increase over five years and downtown streetscape overruns, warning they'll campaign against any bond.

At a glance

Total mentions
9
Last 30 days
1

Last discussed Jun 9, 2026.

Impact analysis

💰Financial impact

Average homeowner tax bills rose over 50% from 2021 to 2026.

✅Who benefits

Residents on fixed incomes if spending is restrained.

⚠️Who could be affected

If raises are deferred, town employees bear the burden; if taxes rise, long-time homeowners bear it.

Mentions & discussions (9)

Town of Apex News FlashOct 1, 2026

Help shape the FY28 Budget!

MeetingJun 9, 2026approved

Regular Town Council Meeting — June 9, 2026

The town adopted a $261.7 million budget with a 1.75-cent tax hike to $0.3735 per $100, plus higher electric (6.25%), water/sewer (4%) and solid waste fees. The average Apex household will pay about $305 more per year. The mayor pushed a zero-increase alternative but couldn't win support.

MeetingMay 28, 2026approved

Regular Town Council Meeting — May 28, 2026

The budget fight dominated the night: residents packed public forum opposing a property tax increase, citing the revaluation's 100% tax hit, and suggested cuts including delaying employee pay raises. The budget hearing and possible adoption is June 9.

MeetingMay 21, 2026

Town Council Budget Work Session — May 21, 2026

Apex is deciding how much to raise property taxes next year. The council is leaning toward a 1.75-cent increase instead of the originally proposed 3 cents, which means cuts to vehicle replacements, delayed police hires, and a trimmed capital fund — but keeps services largely intact.

MeetingApr 28, 2026

Regular Town Council Meeting — April 28, 2026

The proposed budget includes a 3.5-cent tax rate increase, with a fourth public hearing May 12 and possible adoption May 28. Residents pushed back on fees, yard waste cuts, and discretionary spending.

MeetingApr 14, 2026

Regular Town Council Meeting — April 14, 2026

Growth is slowing faster than forecast and property tax revenue is up only 3.4-3.5%, while insurance and retirement costs keep climbing. The proposed budget drops Thursday, and residents are asking for affordable housing funding and volunteer-based cost savings.

MeetingFeb 24, 2026

Regular Town Council Meeting — February 24, 2026

Council Member Gray announced monthly budget public hearings through June, and the council created an ad hoc finance committee to keep budget oversight running while the committee restructuring debate is on hold until April 21.

MeetingFeb 10, 2026

Regular Town Council Meeting — February 10, 2026

Budget hearing speakers demanded the council hold property taxes flat, citing a 50% tax bill increase over five years and downtown streetscape overruns, warning they'll campaign against any bond.

MeetingJan 13, 2026approved

Regular Town Council Meeting — January 13, 2026

The first budget public hearing is set for January 27, and one speaker urged the council to commit to no tax increase next year, citing the $2 million Salem Streetscape overrun.

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