Morrisville Board of Commissioners rejects tax-hike budget
Posted June 25, 2008
Morrisville, N.C. — A proposed budget with a double-digit tax hike driven partly by property revaluations was unanimously rejected Tuesday evening by the Morrisville Board of Commissioners.
On average, homeowners have seen their property values go up 38 percent after Wake County's recent reassessment. The more a home is worth, the higher the tax bill.
Residents voiced their concerns over the budget during a packed Board of Commissioners meeting last week.
The mayor and commission members have sent the budget back to the town manager for cuts.
A special meeting on the budget issue is scheduled for Wednesday evening.