Local budgets are approved- what it means in Wake County and Raleigh

July 1 marked the start of FY23, which means local governments are implementing their new budgets. Wake County and the City of Raleigh budgeted $1.7 billion and $1.14 billion, prioritizing investments to address population growth, inflation, affordable housing, and other rising demands.
Wake County grows by 62 people every day, making it the 3rd fastest growing county in the country. The local governments’ budgets reflect additional investments to balance this growth.