Greensboro City Council Approves 2006-07 Budget with 5.5-Cent Property-Tax Rate Increase

Strategic Insights -

The City Council in Greensboro has approved a 2006-07 budget that includes a significant increase in property taxes. The new budget, which was passed on Tuesday, raises the property-tax rate by 5.5 cents. For a homeowner with a $150,000 property, this means an additional $82 in taxes. The council's vote came despite concerns from some members about the financial burden on homeowners and the impact on the local economy.

Key Takeaways:

  • The city's property-tax rate has been increased by 5.5 cents, with the owner of a $150,000 home facing an additional $82 in taxes.
  • The council also voted to add 32 police officers, which will be funded by the increased property taxes.
  • Meetings of the Parks and Recreation Commission and the Human Relations Commission will no longer be televised on Channel 13.
  • The city's roller hockey program has been saved, with the council deciding to maintain the position of the person who runs it.
  • The council eliminated the unlimited monthly ride pass for SCAT, but will allow riders to purchase a 60-ride pass for $72.
  • Other businesses in the area, including a new Walgreen's store, have received approval from the council for rezoning proposals.

Statistics:

  • The owner of a $150,000 home within the city can expect to pay an additional $82 in taxes.
  • The city's property-tax rate has increased by 5.5 cents, with Guilford County raising its rate by 1.87 cents earlier this month.
  • The total increase in taxes for a $150,000 home will be $110, with $82 coming from the city and $28 coming from Guilford County.

Sources:

  • The Greensboro News & Record

"A 5.5-cent increase in the property tax rate will add more than $82 to the annual tax bill for the owner of a $150,000 home..." - Greensboro News & Record, June [insert date]

"The city's budget includes a 5.5-cent increase in the property tax rate, to 59.5 cents per $100 of assessed value..." - Greensboro News & Record, June [insert date]

"Residents lobbied council members on other budget items until the eleventh hour..." - Greensboro News & Record, June [insert date]