Cary Grade School District Taxes to the Max

The Northwest Herald reported Friday that Cary Elementary School District 26’s Board decided to take from the property taxpayers next year every dime allowed by the Property Tax Cap.

That’s an increase of 1.5% over what was extracted this year.

The maximum amounts allowed to be taxes for each year since the Tax Cap took effect can be seen below:

Tax Cap history 91-14
The Social Security Administration just announced that the expected increase in benefits next year will be 1.7%. It is usually pretty close to the inflationary bounce allowed tax districts.

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