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On High Point's 2012-13 adopted budget

"...Boynton's proposed $327 million 2012-2013 budget would spend $8.5 million, or 2.7 percent more than this year's $318 million approved budget....High Point's property tax base was $9.1 billion in 2011-2012,and was reduced to $8.7 billion after the county's revaluation."Paul Clark"City Manager Strib Boynton recommended a tax rate increase to 68.5 centsto make up for the projected loss of about $2 millionstemming from a 3.3 percent decline in High Point’s total tax base.June 2012If High Point lost money on Guilford County's revaluationwho made up the difference?"Boynton, at the City Council's request during the...

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Published By: Hartzman's Inquisition - Monday, 3 September, 2012