Carteret County is conducting a referendum on a proposed 1/4% sales tax increase on November 8. The new sales tax would increase the total sales tax rate in Carteret County from 6 3/4% to 7%, and would result in an additional 25 cents of sales tax paid on a $100 purchase. If approved by the voters, proceeds from the new sales tax are expected to be more than $2.5 million annually.
It is anticipated that this additional funding will enable the County and the Town to better address navigation dredging needs in the future, and also remove this funding burden from property taxpayers. Local dredging costs have historically been borne by property tax revenues, and, if approved, these costs would be covered with proceeds from the new 1/4% sales tax in the future. Near Emerald Isle, it is anticipated that Bogue Inlet and the Atlantic Intracoastal Waterway would receive funding from this revenue source, and that it may also be available to assist with other dredging needs in and around Emerald Isle.
The Board of Commissioners has formally endorsed the proposed 1/4% sales tax, and encourages our residents and property owners to learn more about the proposal. Additional information is available at http://www.emeraldisle-nc.org/Memo-09-13-2016-Item14 .
Friday, September 30, 2016 3:02:00 PM