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Sales tax referendum

Sales tax referendum. And Brunswick County’s Budget. The NC General Assembly has authorized county boards of commissioners in NC to levy a ¼ cent sales and use tax, contingent on an advisory referendum. Brunswick County’s Commissioners are not in favor of raising taxes Brunswick County:

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Sales tax referendum

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  1. Sales tax referendum

    And Brunswick County’s Budget
  2. The NC General Assembly has authorized county boards of commissioners in NC to levy a ¼ cent sales and use tax, contingent on an advisory referendum. Brunswick County’s Commissioners are not in favor of raising taxes Brunswick County: Has not increased taxes for several years Has remained revenue neutral during revaluations Is the 87th fastest growing county in the nation Has reduced personnel and overhead costs, through utilizing new technology Has a 44.25 cent tax rate, which does not provide needed funds for beach and school infrastructure projects
  3. Our schools have critical capital needs, not wants, in excess of $100 million. We are paying debt on the 1999 voter-approved bond referendum, and will until 2020 Current debt payments are over $6 million per year A sales tax increase would generate $1.5 million per year for schools The sales tax referendum could: Delay the need for another bond referendum until the current bond is paid off, or nearly so Reduce the property tax rate if another school bond referendum is contemplated in the future
  4. The state and federal governments are reducing funding for dredging and beach renourishment. Dredging keeps channels open and reduces pollution in sounds and rivers Keeping shellfish beds open and fish nurseries healthy Allowing navigation, commercial and recreational fishing Preserving access by rescue officials to swimmers and boaters in trouble Dredging and beach renourishment protect our valuable tourist economy Congressman McIntyre: “For every dollar spent on beach renourishment, there is a return of $340 to the local economy.”
  5. Brunswick County’s sales tax rate is currently 6.75% With the proposed increase, it would be 7% New Hanover County’s rate is 7% North Myrtle Beach’s rate is 8% Myrtle Beach’s rate is 9% An extra 0.25% would mean an extra 2¢ on an $8 hamburger meal, or an extra 25¢ on a $100 purchase of school supplies. It would not apply to gas or unprocessed foods (groceries).
  6. A ¼ cent sales tax levy would Share the cost of vital infrastructure with tourists Relieve some pressure on property tax rates Supporting the real estate community, builders, developers and citizens Provide assistance to beach communities with beach renourishment, terminal groins, dredging and public accesses Reduce pressure to change the sales tax distribution method
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