Despite bonds, your taxes may rise anyway
We're working on a bond story to look at the county's current debt load and find some estimate of the extra cost to run and staff all the stuff that $670 million in bonds would need.
Voters will decide on the bond referenda in the May 6 primary.
Working on that story led me Thursday to Michael Halford, director of Guilford County's budget management and evaluation office, to chat about about the upcoming 2008-09 budget process.
Halford's early projection for a 2008-09 budget - with no cuts from this year's budget - requires a property tax rate increase of 3.95 cents per $100 valuation.
In the 2007-08 budget, taxes for the owner of a $200,000 home went up about $60. Based on Halford's first estimate, that homeowner would pay another $79 on the property tax bill in 2008-09.
FYI, the 2008-09 budget planning is still in its early stages, Halford said. Guilford commissioners will approve the budget sometime this summer, after the bond votes.
What do you think of that potential property tax rate increase, though?
Also, are there any things that you want to know about when it comes to the bond referenda?
Bond packages include $412 million for school construction, $45 million for Eastern Guilford High School, a $114 million jail, $79.5 million for GTCC or $20 million for parks and recreation.
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