taxes - Randolph Record

25 Jun

Asheboro budget won’t increase property tax

Ryan HenkelNewsAsheboro, Asheboro City Council, property tax, taxes

Water and sewer rates to go up ASHEBORO — The Asheboro City Council has been presented a budget that doesn't recommend a property tax increase. At the board's June meeting, the 2024-25 annual operating budget was set to total $71.5 million. That keeps the tax rate even at $0.71 per $100 valuation. A large portion of the budget — just under $22 million — is set aside for public safety, with Asheboro police getting a $13 million allocation and firefighters nearly $8 million. The budget also includes a 2.5% cost-of-living increase for city employees, funding to implement seven new employees…

13 Jun

Randolph County budget holds property tax rate steady

Ryan HenkelNewsDarrell Frye, randolph county, Randolph County Board of Commissioners, taxes

Despite $3 million shortfall, commissioners won’t raise taxes ASHEBORO — The Randolph County Board of Commissioners plans to hold property tax rates steady, after a series of meetings during the last two weeks brought commissioners to a total budget of just below $192 million. The rate will remain at $0.50 per $100 valuation thanks to growth in the tax base as well as higher than anticipated sales tax collection. The county had to work around a $3.3 million Medicaid Hold-Harmless shortfall from the prior year and, instead of raising taxes, budgeteers aimed to redirect some recurring financial resources to the…

05 Nov

HUDSON: Democrats’ reckless tax-and-spend scheme

Rep. Richard HudsonOpinionseditorial, opinion, rep. richard hudson, taxes

President Ronald Reagan wisely said, “We don’t have a trillion-dollar debt because we haven’t taxed enough; we have a trillion-dollar debt because we spend too much.” Today, our national debt is an unfathomable $29 trillion, and President Reagan’s warning has never been truer. It’s no secret that President Joe Biden and Washington Democrats are addicted to spending your hard-earned money. Their so-called “Reconciliation Plan” is a prime example. This massive entitlement and climate change bill, a radical proposal written by Bernie Sanders, will transform our society into something we don’t recognize and will cripple our economy. Washington Democrats have been…

01 Nov

Around the State: $261 million in bonds on Nov municipal ballots

Randolph RecordStategovernment, taxes

RALEIGH — Seven cities and towns will ask residents to approve bonds in their municipal elections next week. The majority are in Wake County, where Apex, Fuquay-Varina, Garner and Morrisville are asking for a total of 10 bonds for voters to approve. The bonds, if approved, would go towards a variety of street and sidewalk improvements, parks and recreation facilities improvements, public-safety improvements, and stormwater and drainage improvements. Elsewhere, Bald Head Island residents in Brunswick County are asked to approve $54 million in bonds in order to fund public transportation improvements. The Cleveland County city of Shelby is asking voters…