Feeling the heat from the GOP's great tax shift:
In Burlington, where I am mayor, the repeal of the privilege-license tax will mean losing $564,612. The estimated proceeds from changes to sales-tax collections will not even cover 30 percent of those losses. Small towns like Calabash on the southeastern North Carolina coast will see losses that, as percentages of their budgets, will well exceed the multimillion-dollar losses in some of the state’s largest cities. To make up for the $141,488 loss in Calabash, the town would be forced to double its property tax rate, and earlier sales-tax changes will hardly make a dent in the deficit.
Haw River, Morrisville, Carolina Shores, Pineville, Siler City and Morganton are just a handful of other cities and towns that will experience significant losses.
I've already been in several Facebook brawls over this, as the Teabillies are gearing up to viciously fight against any property tax increase. The most frustrating issue in trying to discuss this with them is their inability to grasp the connection between this big-government move by the NCGA and local elected officials figuring out how to cope with it. The bottom line is, elections have consequences. If you elect arrogant power-mongers to state government, they are going to flex their muscles without a care to the problems it will create. In this case, the burden is shifted from businesses to homeowners, and blaming local government for that is simply idiotic.