Our county commissioners in Pasquotank say they are borrowing $735,000 less in next year’s budget. However, they still are borrowing nearly $1 million, raising our property tax rate by 13 cents, and using a large chunk of our county’s rainy day fund. What a great package. Just kidding!
Nothing in the reporting by The Daily Advance indicates that our commissioners even looked at existing budget items to see how spending might be reduced. They took the easy path by going directly to raising taxes. Nevermind that the new tax rate is supposed to be “revenue-neutral.” Real estate values will eventually go back up. But the next revaluation is eight years off. So we can expect no tax relief in the near future.
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