Potential bond impact on taxes
From Decision 2008:
Guilford County released figures this past week on what could happen to the property tax rate if all or some of the bonds passed in the May 6 primary. Check out the county release here.
Keep in mind that those figures consider the property tax rate impact in a world that asks only taxpayers to foot the bill for the bonds. Which could happen. Property taxes pay for more than half of the county's annual budget. Speaking of revenue, your May 6 ballot will include another decision on adding a quarter-cent sales tax that county officials estimate would generate more than $15 million in its first year.
The sales tax can't be designated for a use until (and if) it passes, but the tax could help pay for a good number of projects.
Comments (1)
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I just want to be sure of something...
"NO" = 0 tax increase?
Posted on February 26, 2008 9:31 PM