Wake County Proposes Another Tax Increase

Latest Polls (view all)

Now that Kamala Harris has been coronated the Democratic Socialist designee for nomination as their candidate for President of these United States, after that political party's contrived primary process "democratically" elected Joseph R. Biden: What are your feelings about this party's progressive posture within their self-styled exercise of "Saving Democracy for America," and how truly critical the outcome of this presidential election will be?

8.7% I am ecstatic that this "Democracy's" First partially Black, First partially Indian, First female Co-Parent, and this nation's primary necessity is to her elect our First woman president.

26.09% I really do not care about all these "Firsts." I will continue to pray, and work for this Representative Republic to elect someone competent, and brilliantly patriotic to be our next president.

65.22% I will never vote for any politician that "first" does not have the core values to understand how dire this Constitutional Republic's situation has become.

Click Here to Vote
23 Vote(s)

View all Polls

Published: Tuesday, May 30th, 2023 @ 5:26 pm
By: John Locke Foundation ( More Entries )

    Publisher's Note: This post appears here courtesy of the John Locke Foundation. The author of this post is Brian Balfour.

    The Wake County Manager has released his proposed budget for the 2023-24 fiscal year, and Wake County residents should brace for yet another tax hike.

    "The proposed budget recommends a 3.25-cent tax-rate increase, or just over 5%, bringing the property tax rate to 65.2 cents per $100 of assessed property value.

    A penny of the proposed tax-rate increase reflects voters approving nearly $900 million in bonds for Wake Tech and the Wake County Public School System in 2022.

    If approved, the tax increase would cost the owner of a $300,000 home $98 more in county property taxes a year, for a total of $1,956."

    For sake of comparison, some estimates show that the average home price in Wake County has jumped by 45-50% in the last five years, so even a modest increase in the tax rate is generating much more revenue.

    Wake County Schools would receive a $40 million increase in local funding, bringing the total to $634 million. This amount falls short of the amount requested by Wake County Superintendent Catty Moore, who requested a 9%, or $55 million, increase. All this despite enrollment being flat year over year.

    Indeed, the $634 million spending would mark an increase of 38% in five years - and up 49% over six years - during a time when student enrollment is projected to fall by about 1.3%.

Go Back