Local News

Easley's Budget May See Extension Of Half-Cent Sales Tax

Posted February 21, 2005

— A temporary sales tax may not be so temporary.

There is talk Gov. Mike Easley will extend the half-cent sales tax in his proposed budget. He will release his budget Wednesday.

The tax would raise more than $400 million to help cover the budget shortfall. The tax was to expire in June.

The governor is considering removing another temporary tax. Those who make more than $200,000 a year would see their income tax decrease. Eliminating the wealthy tax would cost the state $41 million.

A representative for Easley emphasizes his budget is still a work in progress.


Please with your WRAL.com account to comment on this story. You also will need a Facebook account to comment.

Oldest First
View all