Published: Aug 15, 2010 02:00 AM
Modified: Aug 13, 2010 10:56 PM
HILLSBOROUGH - The Orange County Board of Commissioners will hold a public hearing on Tuesday during its regularly scheduled meeting. The meeting starts at 7 p.m. at the Department of Social Services Office, 113 Mayo St. in Hillsborough.
The public hearing will provide an opportunity for the public to comment on the potential uses for money from a possible one-quarter cent additional sales tax in Orange County, NC.
During the 2007 legislative session, the N.C. General Assembly gave county boards of commissioners the authority to levy, subject to voter approval, an additional one-quarter cent county sales and use tax.
On June 15, 2010, the Board of Commissioners approved a resolution calling for a special advisory referendum on Nov. 2 on the additional sales tax in Orange County. The Nov. 2, 2010 ballot question will ask Orange County voters to vote either for or against a local sales and use tax at the rate of one-quarter cent in addition to all other state and local sales and use tax.
It is projected the one-quarter cent county sales and use tax would generate approximately $2.3 million for Orange County on an annual basis. If the voters approve the referendum in November implementation would start April 1, 2011, and generate approximately $575,000 during the remainder of current fiscal year (FY 2010-11) that ends on June 30, 2011.
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