Finally some Wake County politicians are admitting that our taxes will increase, directly attributed to our rapid growth rate (See N&O Article). County taxes will increase 5.7%, and could go higher. Meanwhile in Cary, our growth continues unabated and we are approaching the point where tax collections no longer keep up with the growth rate -- see previous post regarding $185M of our money that Agent Ernie & the Orange Team are spending to build infrastructure, just next year. I can see the Friends of Wake County jumping back into the fray on this one, defending the politicians they helped put into office. They have spin doctors that are a lot smarter than me, I can't wait to hear their dribble.
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Well, yeah. Taxes are going to continue to rise to pay for schools, etc for new residents. This is not news. Castigating public officials for doing what government is mandated to do is fun, but a little stale. I prefer working for revenue alternatives to the property tax so that tax doesn't have to rise so precipitiously. Here's a new (and entertaining) YouTube video about one possible solution:
http://www.youtube.com/watch?v=3ce0AlotSTw
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