Even in an economic downturn, the town of Chapel Hill has managed to lower property tax rates and avoid taking out additional debt to cover costs.
When a reassessment of property values increased projected tax revenue, town council members did the right thing and cut property taxes by 15 percent.
Rather than spend the money on renovating the library, officials decided to let the people who earned it, keep it. For now, the library project is on hold.
The town council even decided not to take out an additional $20 million in debt that had already been approved by voters.
Chapel Hill shows that it is possible to cut taxes during a recession. Read more about it in this article from the N&O.
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