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Elon town council narrowly rejects even higher property tax rate for next budget
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Elon town council narrowly rejects even higher property tax rate for next budget
Council defeats motion for 7¢ tax rate hike, rather than 5¢ recommended by town manager A bare majority of Elon’s town council has tentatively agreed that an additional nickel on the town’s property tax rate should be enough to see it through the next fiscal year. The council’s regular members voted 3-to-2 on Monday to press ahead with a recommendation from Elon’s town manager to raise the town’s tax rate from 35 to 40 cents for every $100 of va…
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