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Cornelius News

Public hearing on 8.3 % tax increase is Monday evening

May 15. By Dave Vieser. The public will have a chance to comment on the proposed $21.88 million municipal budget for the upcoming fiscal year at Monday’s Town Board meeting. It calls for 2 cent tax hike, which amounts to an 8.3 percent tax increase.

Just as important, commissioners will consider approving a resolution in support of State House Bill 954 which would terminate the agreement for tolling I-77. The bill is sponsored by representatives Charlie Jeter and John Bradford from the North Mecklenburg area.

The proposed tax increase would cost the owner of a median-priced $250,000 home about $50 more per year in property taxes.

“Cornelius is a vibrant and inclusive community dedicated to providing vital services to our residents,” said Town Manager Anthony Roberts as he unveiled the spending plan on May 2. “However, there’s no escaping that the largest component of the revenue which pays for these services is the town’s property tax.”

According to Roberts, the funds generated by a tax hike would be dedicated for the town’s transportation capital reserve fund.

Those wishing to speak must sign in prior to the meeting, which begins at 7 pm. All speakers will be allotted three minutes. The board is also expected to continue the public hearing to June 6 so more residents can be heard.

The town board meeting begins at 7 pm, in Town Hall on Catawba Avenue.