Get ready, Durham. From the Herald-Sun:
City Manager Tom Bonfield’s fiscal 2012-13 budget request calls, as elected officials wanted, for a 1-cent increase in Durham’s citywide property tax rate to raise more money for low-cost-housing programs.
Bonfield’s request without the City Council-directed initiative would otherwise have held property taxes at their present level, 55.75 cents per $100 of assessed value.
The tax rate as proposed would rise to 56.75 cents per $100, a year-to-year increase of 1.8 percent.
