Community Investment Fund
At a glance
- What: the Town's dedicated capital fund, which 2026 budget discussions describe as in its second year of implementation.
- Where it stands: at the May 21 budget work session Council voted 5-0 to look for 0.18 cent of operational cuts so the fund is not reduced under the 1.75-cent base increase (Budget Tax Rate Increase).
- Next: staff to propose swaps, possibly in June.
Discussion
- Town Manager Vosburg said the fund exists to hold dedicated capital dollars, which lose meaning if spent on other things; Mayor Pro Tem Mahaffey wants it funded until it reaches a steady state that pays for projects.
- Zegerman said it puts money in the bank for future projects that only get more expensive; Mu said capital projects cost more the longer they wait.
- Reese said cuts to the fund should happen only when absolutely necessary.
- At the May 26 town hall a resident asked about the fund amount in the proposed budget.
Sources
- Town Council budget work session minutes, May 21, 2026 (approved June 23, 2026): https://www.apexnc.org/DocumentCenter/View/54042/Combined-2026-Meeting-Minutes-Approved-TOA---January-through-partial-March
- Budget Community Town Hall summary minutes, May 26, 2026 (approved June 9, 2026): https://www.apexnc.org/DocumentCenter/View/54042/Combined-2026-Meeting-Minutes-Approved-TOA---January-through-partial-March
Log
2026-05-21 - Town Council Budget Work Session
Council kept the fund as a priority and asked staff to find operational cuts to restore 0.18 cent.
2026-05-26 - Budget Community Town Hall
A resident asked about the fund amount in the proposed budget.