July 26, 2007

We have a budget

Laura Leslie and other sources indicate that a state budget deal has finally been done. The big news is the authorization of additional local option taxes (sales and land transfer). Both (or either) will require voter approval. Expect Dare to push for both since Dare will be a big loser as the state begins to keep county sales tax revenue in exchange for picking up all Medicare costs from the counties. Unlike most counties Dare has low Medicare costs and high sales tax revenues. I don't have enough info yet but the big losers in this plan could be the towns who lose sales tax revenue but don't get any new taxes. More later.
Ciao

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