[Durham INC] 1/4 Cent Sales Tax increase

[Pat Carstensen]

The Orange County referendum also is for general county funds.  This is because the General Assembly, in allowing counties to replace some of the money that they took away to balance THEIR budget, did not allow any dedication of the funds in the language of the ballot.
Regards, pat

> From: rbford at aim.com
> Date: Sat, 24 Sep 2011 09:08:06 -0400
> To: inc-list at rtpnet.org
> Subject: [Durham INC] 1/4 Cent Sales Tax increase
> 
> Thanks to the proposed resolution sent this morning, this is the first time I realized that the funds raised by the 1/4 cent increase are not dedicated to education.
> 
> Is this correct?? Does anyone know why this was not done? 
> 
> The 1/2 cent tax is dedicated in the question itself to be used for transit. 
> 
> In Orange County a 1/4 cent tax increase is on the ballot for education and economic development.  The Commissioners there passed a ten year resolution dedicating the funds.
> 
> Money being infinitely fungible, the absence of a binding dedication is a negative, especially compared to the transit tax and to Orange County.
> 
> There may be a dedication that I could not find. I would like to be able to explain this to my Board. Perhaps it will be covered Tuesday night.
> 
> Dick Ford
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