Local Politics

Cary voters to decide on tax hike for bond projects

Posted April 6, 2012

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— The Town of Cary hasn't increased its property tax rates since 1989. It'll be up to voters to decide this November whether to raise their rates to cover three bonds totaling $80 million.

The largest bond is $57.6 million for a list of specific transportation projects which includes repaving roads, adding sidewalks and other improvements around Cary Crossroads shopping center and widening Green Level West Road.

The parks and recreation bond proposal is $15.8 million for greenways, a downtown park and sports fields.  A third bond, at $6.5 million, would fund a new fire station.

If voters decide to approve all three bonds, Cary's property tax rate will rise from 33 cents per $100 of valuation to 37 cents. Owners of a $250,000 home would pay about $100 more per year. The plan is to phase in the increase over four years – two cents in 2014 and two more in 2016.

A recent survey of Cary voters showed support for a one- or two-cent increase, but not much enthusiasm for anything more. The three bonds will be on the ballot on November.


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  • kermit60 Apr 9, 2012

    What percent tax is enough? We pay taxes to maintain infrastructure and provide services for the community. They want a higher tax to build more. Then they will want a higher tax to maintain the new stuff. Maybe they should work like a normal working family. If you can't afford it on the current budget, don't buy it. I would love to be able to force my employer to give me a raise because I want a new car or TV.

  • westernwake1 Apr 6, 2012

    After several years of pinching local budget money in a down economy these bonds are needed to fund improvements. Unfortunately they will require a tax increase which is not unexpected. Cary is still one of the most financially sound towns (or cities) in the US.

  • dws Apr 6, 2012

    judithfergerson, what does the local teenage misconduct have to do with the price of eggs in China or the Cary taxes?.....grind your axe in the appropriate place.....

    as you say, be responsible

  • judithfergerson Apr 6, 2012

    Maybe these Cary people should put more focus on child rearing classes than raising taxes. Since somewhere of 10 of the residents of Cary had at least 10 of their kids arrested in North Myrtle Beach for illegal activity during a spring break fiasco. And I am sure when the responsible adult that rented the house for them to party in and furnished alcohol for them comes out it just might be a big surprise who that adult would be.

  • DontLikeTheSocialistObama Apr 6, 2012

    Only in Cary would they willing agree to a tax hike.