Budget Crunch Time Arrives As Commissioners Mull Tax Rate
It’s getting down to prime time for the Guilford County Board of Commissioners as members begin hashing out a budget and, just as importantly, a new tax rate in the wake of the county’s recent property revaluation.
The stakes are unusually high this year.
The revaluation pushed property values up sharply across the county, which means that if the current tax rate stays the same, Guilford County would take in roughly $175 million in additional revenue…
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