Local Politics

No tax increase in proposed Wake budget

Posted May 20, 2013

Map Marker  Find News Near Me

— The $982.8 million budget proposal that Wake County Manager David Cooke unveiled Monday would maintain local property taxes at existing levels and stick to funding core services.

The budget would increase by $44.3 million, or 4.7 percent, from 2012-13, and the extra money would be split among education, public safety, human services, capital spending and other county activities.

“As the economic recovery occurs, we find ourselves also in the position of identifying priority service areas that need attention,” Cooke told the Board of Commissioners. “We’ve identified areas where we recommend adding resources to respond to service demands, while not expanding the role of county government."

Some of those other activities include more positions in the Register of Deeds, building inspections and revenue departments to accommodate a growing demand for development-related services, he said.

“Real estate development is showing signs of recovery in new residential building permits, with an increase of 60 percent over the same time period from a year ago,” he said. “The tax base is also projected to grow at a steady and modest rate of 2.67 percent – more than twice last year’s growth rate.”

Under the spending plan, the property tax rate would remain at 53.4 cents per $100 valuation for the fifth straight year.

Public hearings on the budget will be held June 3, at the Wake County Courthouse at 2 p.m. and at the Wake County Commons Building at 7 p.m. The Board of Commissioners will hammer out details of the spending plan on June 10 before voting on it a week later.

14 Comments

This story is closed for comments.

Oldest First
View all
  • EvilSithLord May 21, 2013

    I am just curious about the true history and rationale behind property taxes...and please, explain it like I am six years old.

  • marciamal1 May 21, 2013

    this state sucks when it comes to taxes - never lived anywhere where there were so many taxes

  • Ripcord May 20, 2013

    "And higher-income households will know how to avoid these new sales taxes anyway, so it's really a new tax on the poor." - Omega

    Really? How, exactly, would wealthy people avoid a sales tax on a service? Explain this and why a poor person wouldn't be able to do the same.

  • WralCensorsAreBias May 20, 2013

    You'll get a tax increase if you don't vote no for the Wake County school bond!

  • lwe1967 May 20, 2013

    I would have thought that everyone, the libs, and the debs would be happy not to have their property taxes raised, but I should have known. The will quibble about anything and everything. I just don't know!

  • beaupeep May 20, 2013

    Ahhh, tru dat, Red Shirt. Now I see.

  • beaupeep May 20, 2013

    And without knowing the specific rates, how can you can assume at what income level your tax will go up, Omega?

    Truth is...you don't.

  • Spock May 20, 2013

    "Specifically, how would it raise your taxes, geotool?" beaupeep

    Math is fairly easy to figure out... if you did not have to pay any taxes under the Democrats Socialistic Moochers program.

  • OmegaBaby May 20, 2013

    @beaupeep - "Specifically, how would it raise your taxes, geotool?"

    I'll answer for geosol.

    The Republicans are paying for their "tax breaks" by expanding the sales tax to include many more items. For example, services are now going to be included in sales taxes.

    These new taxes hit lower-income households since it's essentially a flat tax. And higher-income households will know how to avoid these new sales taxes anyway, so it's really a new tax on the poor.

    So if you make less than $200k, you're likely to pay more in overall taxes. If you make more than $1 million, you're likely to pay less. However, the Republicans can spin it as a "tax cut" for all since the rates are technically going down, and most North Carolinians are not smart enough to understand what's going on.

  • jdupree May 20, 2013

    Good, taxes are high enough already!

More...