Mecklenburg County Manager Harry Jones said he sees brighter economic days ahead as he presented a
$1.3 billion recommended budget to county commissioners Tuesday night.
Property values rose on average by 9.2 percent following this year’s revaluation, bringing the total value of properties in the county to approximately $110 billion. Thanks to the higher property values, Jones recommended lowering the property tax rate to 82.49 cents per $100 of property value, a 1.38-cent decrease from 2010-11.
The proposed budget did not include all of the money requested by Charlotte-Mecklenburg Schools, but it included $29 million for education, or about 65 percent of CMS’s request.
Jones told the commissioners they could set a local option sales tax for schools to help offset losses of state funds, including some lost lottery funds.
The state legislature has given the commissioners permission to ask the county’s voters to approve an additional one-quarter cent sales tax. For the referendum, it cannot be stipulated that the money would only be used for education, but the commissioners can make it a policy to set aside the funds for that purpose.
The commission will vote on the proposed budget June 7.
Scott Baughman can be reached at email@example.com.