During their recent meetings, the Village of Walnut Creek, Town of Pikeville, Town of Fremont, Town of Mount Olive, Wayne Community College Board of Trustees, Wayne County Board of Education, Wayne County Republican Party, and Wayne County Democratic Party all approved resolutions of support for the sales tax referendum on the November general election ballot.
The Board of Commissioners is looking for alternative revenue sources to provide services to the public without increasing taxes on the property owners. This sales tax would add one penny to a $4 purchase, one quarter to a $100 purchase, and one dollar to a $400 purchase. This referendum excludes gas, prescription medication, and non-prepared food or grocery purchases. If passed by voters, the sales tax rate would increase from 6.75% to 7%. Sales tax affects everyone making purchases in the County. Visitors will also pay this tax, not just our residents Alternative revenue like this will allow the Commissioners to possibly lower property taxes.
If the sales tax referendum passes, this will generate approximately $2.8 million for County services. A 1-cent property tax increase only generates $900,000. To raise the same amount of revenue, the property tax would have to increase by 3 cents. To learn more about this sales tax referendum, please visit www.waynegov.com/salestax.
Voters are reminded that early voting is underway now until November 5th. To learn more about early voting, including times and locations, please visit www.waynegov.com and click “Early Voting Schedule.”