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.
Trending: Clamming Up: Cooper officials fail to show for pipeline slush fund corruption hearing
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.
Join the conversation!
We have no tolerance for comments containing violence, racism, vulgarity, profanity, all caps, or discourteous behavior. Thank you for partnering with us to maintain a courteous and useful public environment where we can engage in reasonable discourse.