“Raleigh’s at a moment in time when the potential is unlimited,” said Raleigh Mayor Nancy McFarlane to a local Rotary Club this week. Apparently, that unlimited potential is referring to how high Raleigh resident’s taxes will climb.
From the N&O:
Mayor Nancy McFarlane on Monday said officials may need to raise property taxes or stretch resources thin in the coming budget year to keep up with the needs of a growing city.
City leaders already have considered the possibility of lower service levels or higher property taxes in council discussions. The mayor’s comment is the highest-profile acknowledgment of a budget gap estimated in early February to be between $4 million and $6 million.