Excerpt From: WITN.
Should sales tax collected in a county, stay in that county? One coastal community is speaking out about legislation that would redistribute sales tax to poorer counties that don’t have that kind of income.
Town officials in Emerald Isle say they would lose between $64,000 and $83,000 annual of sales tax revenue if the Senate bill becomes law.Notice: The WPP_Query class has been deprecated since 5.0.0. Please use \WordPressPopularPosts\Query instead. in /www/wp-content/plugins/wordpress-popular-posts/src/deprecated.php on line 43
The figure for Carteret County as a whole is higher, of course, an estimated loss of as much as $913,000.
Emerald Isle officials say they applaud the effort to allocate money to poorer, rural counties in the state, but it should not be done on the backs of the towns and counties with strong sales tax income.