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Local Governments Could Get New Way To Raise Revenue

401(K) 2012
Flickr Creative Commons
401(K) 2012

Legislation in the state House could give local governments a new way of raising funds.

Republican representative Stephen Ross of Alamance County is the primary sponsor of a bill to give municipalities the option of imposing a local quarter-percent sales tax.

"The revenue from this particular sales tax can only be used for public infrastructure and facilities and for economic development," Ross said.

Local government revenue has been hit hard in recent decades by a shrinking property tax base, due in large part to a decline in manufacturing and the 2008 recession.

The bill would require any local sales tax to be approved by voters in a referendum. The measure must go through one more committee before getting a hearing by the full House.

Copyright 2017 North Carolina Public Radio

Rusty Jacobs is a politics reporter for WUNC. Rusty previously worked at WUNC as a reporter and substitute host from 2001 until 2007 and now returns after a nine-year absence during which he went to law school at Carolina and then worked as an Assistant District Attorney in Wake County.