With the Boone 2014-15 budget on the table, town council members found a six-cent tax rate hike hard to swallowand scaled back that proposed tax increasebut not the budget. Council woman Lynn Mason was first to express doubts, What I would be more comfortable withand I just
want to throw this out for discussionis doing three cents this year and funding the difference from the remaining fund balance, and she said, I just think its too much to put on our businesses and residents in the community for one year. She also said she hoped for continued dialogue with the county commission on the sales tax distribution that impacted the current budgetand the 2014-15 budget by about $2 million dollars. While other council members agreed that the 6-cent jump was too much, others thought Masons three cents was too little in light of the towns situationJennifer Pena said, I definitely think that six cents is too much all at once, and I would be in favor of perhaps doing it over time incrementally, and not the whole rate at one time. But she went on to say, Im just concerned that if we dont do more than three cents nowwe could perhaps do four cents nowits just going to be worse for us down the road. And in the end, in a unanimous vote, council members voted to take the balance from reserve and bump the tax rate 4 cents per $100 valuation in their passage of the $26,303,193 fiscal year budget that spends nearly 18% more than the current budget becomes effective July 1st.