Durham Leaders Talking About Possible Bond Referendum
Posted May 6, 2005
DURHAM, N.C. — Durham city leaders are talking about a $107 million bond referendum that could possibly raise property taxes by nearly 10 percent.
The money would pay for maintenance on city buildings, as well as improvements for parks, sidewalks and roadways.
Under the latest proposal, the bonds could be paid for with a property tax increase that would add $5.70 to the monthly tax bill for a $100,000 home.
Water and sewer rates would also rise.
Any any tax increase would happen over a several-year period.