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Agenda Package - 08-13-07 (Finance)
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Agenda Package - 08-13-07 (Finance)
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3/26/2009 10:56:33 AM
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3/26/2009 10:53:02 AM
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Admin-Clerk
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Agenda
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Board of Commissioners
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Question: Are there restrictions on the use of either of the new local option tax revenues? <br />Answer: Land transfer tax revenues are expressly authorized to be used for any lawful <br />purpose. The sales tax is not restricted or earmarked. <br />Question: If the referendum fails, can a county hold a subsequent referendum on the <br />same question, and if so, must a county wait a certain period of time prior to holding <br />another referendum? <br />Answer: Per Gerry Cohen (N.C. General Assembly Bill Drafting), there are no <br />restrictions on resubmitting a land transfer tax or the new '/4 cent sales tax to the voters <br />again if it has failed. <br />As with any local legal matter, we ask that you consult with your county attorney and <br />county board of elections as you consider these local referendum options. <br />M- <br />
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