You’d think so, considering the property tax hikes that will be necessary over the next few years, should the Wake County school board get its way in pushing for massive budget increases. From the News & Observer (emphasis is mine):
On Monday, County Manager David Cooke told the commissioners that paying for the school board’s proposed budget increases, along with the expense of building new schools and other existing county commitments, would mean raising property taxes by 35.8 cents per $100 of valuation by 2015.
That would be a 67 percent bump over the current tax rate of 53.4 cents, increasing the tax bill on a $200,000 home by $716.
