| 115th Year, 44th Issue | Thursday, June 10, 2004 | Sparta, North Carolina |
Alleghany County Manager Don Adams presented the Alleghany County Board of Commissioners with a proposed budget that would increase local property taxes by four cents.
The tax rate is currently 55 cents per $100 in value. If the budget is passed as presented, it would raise that to 59 cents per $100. However, several other projects and requests are on the table that could potentially lead to an even larger tax increase.
The budget total was $11,090,995, almost 4 percent higher than last year's budget.
Items contributing to the increase were highlighted by Adams in a report given to commissioners.
Each penny of county taxes will create about $99,225 in revenues, Adams said. The four-cent increase raises $396,900 in revenues. The county's property taxes account for 55 percent of revenues, or $6,019,800 under the budget.
He broke out the tax increase in several categories:
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