The figures
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Total budget, net of transfers between funds
$1,765,166,204
Operating and capital spending together. Money one City fund pays another is counted once.
Page 15 of the adopted budget (PDF, 25.8 MB)Net of interfund transfers, the combined capital and operating budgets for the fiscal year beginning on July 1, 2026, total $1,765,166,204.
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Decrease from the FY26 budget
0.9%
Page 52 of the adopted budget (PDF, 25.8 MB)The FY27 Adopted Budget reflects a 0.9% decrease from FY26, primarily due to FY26 being the final year of the 2020 Housing Bond.
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Property tax rate
37.20 cents per $100
- Increase over FY26
- 1.70 cents per $100
- FY26 rate
- 35.50 cents per $100
Page 49 of the adopted budget (PDF, 25.8 MB)The adopted property tax rate for FY27 is 37.20¢ per $100 of assessed valuation. This adopted budget does recommend a 1.7¢ increase over the FY26 rate of 35.50¢.
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Assessed value of real property, estimated
$111.5 billion
- Estimated collection rate
- 99.5%
Page 49 of the adopted budget (PDF, 25.8 MB)The FY27 assessed value of real property is estimated at $111.5 billion, with an estimated collection rate of 99.50 percent.
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City property tax on a median home, per year
$1,457
- FY26
- $1,390
- Increase over FY26
- $67 (4.82%)
- Median home value, January 1, 2025
- $391,724
- All City taxes and fees on that home
- $2,586
- Increase in all City taxes and fees
- $122 (4.95%)
City of Raleigh taxes and fees only. Each row reads FY26, then FY27, then the change in dollars and in percent.
Annual Property Tax $ 1,390 $ 1,457 $ 67 4.82%
The median home value in Raleigh as of January 1, 2025 is approximately $391,724
Page 50 of the adopted budget (PDF, 25.8 MB)Total Annual Fees/Taxes $ 2,464.00 $ 2,586.00 $ 122.00 4.95%
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General Fund
$652,771,459
- FY26 adopted
- $657,108,700
- Decrease from FY26
- 0.7%
Includes transfers between funds, as the table says. The row reads actual 2024-25, adopted 2025-26, adopted 2026-27, then the change.
Page 67 of the adopted budget (PDF, 25.8 MB)Total $ 730,761,198 $ 657,108,700 $ 652,771,459 (0.7%)
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Public safety, in the General Fund
$280,782,263
- FY26 adopted
- $261,461,333
- Increase over FY26
- 7.4%
The row reads actual 2024-25, adopted 2025-26, adopted 2026-27, then the change.
Page 67 of the adopted budget (PDF, 25.8 MB)Public Safety 241,092,847 261,461,333 280,782,263 7.4%
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Fees, the largest source of revenue
$507,548,895 (28.7%)
- Property tax
- $443,741,829 (25.1%)
- Bond revenue
- $250,317,072 (14.2%)
- Sales tax
- $166,593,837 (9.4%)
Each percent is a share of all revenue, net of transfers. These are the four largest sources the table lists.
Page 53 of the adopted budget (PDF, 25.8 MB)Fee Revenue 507,548,895 28.7% Property Tax 443,741,829 25.1% Bond Revenue 250,317,072 14.2% Sales Tax 166,593,837 9.4%
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Spending on personnel
$582,735,233 (33.0%)
- Operating expenses
- $1,182,430,971 (67.0%)
Each percent is a share of all spending, net of transfers. The page splits all spending into these two.
Page 54 of the adopted budget (PDF, 25.8 MB)Personnel 582,735,233 33.0% Operating Expenses 1,182,430,971 67.0%
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Capital plan, FY27 to FY31
$2.0 billion
- In FY27
- $503.4 million
The City's five-year Capital Improvement Program.
Page 271 of the adopted budget (PDF, 25.8 MB)The FY27 - FY31 Capital Improvement Program (CIP) budget is $2.0 billion, which includes $503.4 million in FY27.
About these figures
The City publishes its budget as a PDF of 445 pages. Reading tables out of that file by program can swap or misread numbers without any error, so each figure here was copied by hand and checked against the page as it prints. The quotes are the City's words, with the spacing of table rows tidied.
For every fund and department, open the City of Raleigh, Adopted Budget 2027 (PDF, 25.8 MB) or the City's current budget page.