|Boone: Too Late To Reverse Tax Issue|
|Written by Steve Frank|
|Monday, 22 April 2013 15:48|
The latest communication in the issue between the Town of Boone and Watauga Commission was passed along late today from the Town of Boone, saying that it may be too late for the county to reverse action on the sales tax distribution, even if a compromise could be worked out.
The town and county are feuding over recently adopted Boone housing standards that would kill the sale of the $19 million old Watauga High property. Boone Mayor Loretta Clawson said, “Any changes – if we could reach agreement on them – would have to go through a state required public notice and hearing that can’t logistically happen before the end of April.” Many points contained in the press release have already been made, but new is a graph on how the distribution of dollars per resident under the change voted upon by the county commission a week ago. The letter and graph are posted in their entirety below. If the matter is not somehow resolved over the next week, a new formula for sales tax distribution will be submitted to Raleigh, a formula that would cost the Town of Boone an estimated $2 million per year starting in July. The county, a large property holder in the town of Boone, has threatened to sue the town over the new Affordable Housing initiative for its impact on the school property and on other properties the county owns within the town.
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