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An Aging Population – Impacts on County Revenues

An Aging Population – Impacts on County Revenues. Rebecca Troutman, IGR Director NC Assn of County Commissioners. NCACC - Who We Are. Non-profit organization since 1908 Statutorily authorized by General Assembly Represent all 100 counties Focus on advocacy

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An Aging Population – Impacts on County Revenues

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  1. An Aging Population – Impacts on County Revenues Rebecca Troutman, IGR Director NC Assn of County Commissioners

  2. NCACC - Who We Are • Non-profit organization since 1908 • Statutorily authorized by General Assembly • Represent all 100 counties • Focus on advocacy • Analyze legislative/administrative impacts on counties • Provide services, technical assistance

  3. NC Counties- What We Do • NC counties – social services & health county administered, state-supervised • Counties fund 100% of non-federal administrative costs • $1 billion annually for DSS alone (<3% state) • Counties determine Medicaid eligibility, provide adult protective services, fund state/county special assistance

  4. Older Population as a Percentage of the Total Population; USA

  5. Elderly Homestead Exemption • Began in 1972 for low income elderly only; expanded to include disabled • Excludes the greater of $25,000 or 50% of property taxable value • Designed for low income elderly & disabled • Income eligibility = $25,000 + indexed to cost of living adjustment (COLA) • Income = all moneys received from every source other than gifts or spousal inheritance • Aged 65 years or older or disabled

  6. Elderly Homestead Exemption

  7. Expanding the Income Limit

  8. Other Potential Impacts • County 2+% sales taxes on goods • Aging may substitute services • County bond referenda for debt service • Principally used for schools; elderly resistance to property tax increase • State/county special assistance • Counties pay 50% of adult care home expenses for low income elderly

  9. Spending Patterns by Age

  10. Questions / Comments Thank You!

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