Town of Apex
Audited figures filed with the Local Government Commission.
What the figures show
Apex spent $2,894 per resident in 2025, its highest figure in ten years of filings and about 29 percent above the $2,236 it spent in 2016. That is a modest rise for a town that grew 68 percent over the same period, from 44,745 residents to 75,117.
Total spending more than doubled, from $100 million in 2016 to $217 million in 2025. Revenues grew faster, from $132 million to $293 million, and the gap between the two widened in the last two years: $268.7 million against $188.9 million in 2024, and $292.6 million against $217.4 million in 2025.
Read the rest (128 more words)
Property tax revenue is where the sharpest single-year move sits. It rose steadily from $20.7 million in 2016 to $51.5 million in 2024, then jumped 30 percent to $66.9 million in 2025. Population grew about 4 percent that year, so growth alone does not account for it. The filings do not report the tax rate in any year, so a rate change and a revaluation cannot be told apart here. Sales tax revenue tripled over the decade, from $7.6 million to $23.2 million.
What the record shows is a town whose per-resident spending has stayed close to flat while it added thirty thousand people. Its fund balance and long-term debt were not reported in any year, so nothing here speaks to how much of that growth was borrowed.
Read from the filed reports below, not from anything said at a meeting.
Year by year
| Year | Population | Revenue | Spending | Spent per resident | Fund balance | Property tax | Long-term debt | Rate |
|---|---|---|---|---|---|---|---|---|
| 2016 | 44,745 | $132,016,894 | $100,045,698 | $2,236 | — | $20,708,708 | — | — |
| 2017 | 46,688 | $136,371,271 | $104,950,171 | $2,248 | — | $22,995,117 | — | — |
| 2018 | 48,471 | $185,393,180 | $153,029,206 | $3,157 | — | $24,672,063 | — | — |
| 2019 | 52,909 | $137,918,364 | $130,359,472 | $2,464 | — | $29,525,234 | — | — |
| 2020 | 61,319 | $192,583,920 | $133,248,901 | $2,173 | — | $32,658,938 | — | — |
| 2021 | 59,368 | $167,712,811 | $158,606,022 | $2,672 | — | $39,461,896 | — | — |
| 2022 | 61,488 | $187,026,343 | $150,006,725 | $2,440 | — | $43,601,374 | — | — |
| 2023 | 69,567 | $191,850,221 | $177,625,349 | $2,553 | — | $48,232,486 | — | — |
| 2024 | 71,992 | $268,711,783 | $188,937,243 | $2,624 | — | $51,542,938 | — | — |
| 2025 | 75,117 | $292,616,889 | $217,416,535 | $2,894 | — | $66,898,085 | — | — |
A dash means the field was not in that year's filing. It does not mean zero dollars. These figures come from the Local Government Commission's reporting portal, which serves them a year at a time rather than as a document per filing.