Budget Resources
FY2025-2026 Budget Highlights
The Morrisville Town Council unanimously adopted a $62.6 million budget for Fiscal Year 2026 on May 27, following extensive public engagement and a formal hearing. The budget reflects the Town’s strategic focus on improving services and quality of life from the community’s perspective.
Key Highlights
- Property Tax Rate: Remains unchanged at $0.35 per $100 assessed valuation.
- Total Budget: $62,639,300 (includes Annual Operating Budget & Capital Investment Program).
- General Fund Use: $1.39 million from fund balance for one-time expenses (less than 3% of total).
- User Fees: Modest adjustments; vehicle decal fee remains at $30, stormwater fee at $50/ERU.
- New Positions: 4 added roles to support services and new initiatives.
- Capital Investment: $3.88 million allocated for roads, parks, land acquisition, public safety, and Public Works facility debt service.
Commitment to competitive pay and related benefits, such as flexibility and trust in the workplace, professional development, and recognition of service help Morrisville attract and retain employees. Total funds requested to support the annual merit and market pay adjustments, adjustments to the minimum pay grades, longevity pay, and related job classification adjustments are estimated to be approximately $1,928,700 in total compensation (both pay and benefits) ($2,500 less than the increase in FY2025).
The FY2026 recommended budget maintains the same 4.5% average merit pay schedule as used in the past three fiscal years for employees classified as full-time, part-time, and regular 30-hour. A 2% market condition pay adjustment (aka “Cost of Living Adjustment” or “COLA”) is also recommended for all full-time, part-time, and regular 30-hour employees to account for inflationary changes in the economy and to maintain market competitiveness within the regional employee market.
Job Classification pay grade adjustments are recommended for a number of staff positions that were studied this year to ensure we are staying at market rate for those positions. The recommended budget also incorporates the additional state-required Local Government Employees Retirement System (LGERS) employer funding contribution increase.
Community-Driven Process
- Public input collected through online tools, events, listening sessions, and public hearings.
- Engagement helped shape a budget aligned with Council goals and community priorities.
Strategic Priorities Supported
- Strategic Goal 1: Improved Transportation Mobility
Budget items supporting this goal include:
- Transportation
- Ongoing smart shuttle operations
- Increasing transportation capital reserve
- Strategic Goal 2: Thriving Livable Neighborhoods
Budget items supporting this goal include:
- Quality of Life
- Future parks & open space
- Growth impact to existing park programs
- Quality work environment
- Sustainability & Environment
- Strategic Goal 3: Engaged, Inclusive Community
Budget items supporting this goal include:
- Community Viewpoint
- Election costs
- Special events & cultural connections
- Accessibility innovation
- Inclusivity
- Language access plan continuation
- Public art icon & mural initiatives
- Strategic Goal 4: Public Safety Readiness
Budget items supporting this goal include:
- Safe Community
- Critical public safety equipment replacement
- Impact team improvements
- K9 replacement
- Digital forensic lab creation
- Training & equipment maintenance
- Community policing
- CAM dispatch inflation
- Security enhancements
- Professional develop programs
- Improved Fire prevention services
- Pedestrian safety
- Strategic Goal 5: Operational Excellence
Budget items supporting this goal include:
- Recognizing Success
- Strategic success
- Recruitment & retention investment
- Operational Excellence
- Service inflationary increases
- Impacts from growing community needs
- Innovation advancements
- Maintenance & repair work efficiency
- Strategic Goal 6: Economic Prosperity
Budget items supporting this goal include:
- Economic Resiliency
- Recognizing economic shifts
- Sponsorship & naming rights program
- Future economic growth
- Business Collaboration
- Shaping our economic image
This budget represents Morrisville’s commitment to strategic growth, service excellence, and maintaining a vibrant, inclusive community.
Other Resources
The following are external resource links to get our residents connected to pertinent information, data, and relief opportunities through Wake County, the State, and other organizations. Please read through information provided by these external sources carefully as deadlines, limitations, or eligibility requirements may apply.