Durham Budget Proposal Would Raise Property Taxes to Address Affordable Housing, Public Safety

Durham Budget Proposal Would Raise Property Taxes to Address Affordable Housing, Public Safety

As part of a $429 million budget proposal, Durham’s city manager is recommending a 1.79-cent property tax increase for the 2017–18 fiscal year to help address affordable housing needs in the city.

The city’s current tax rate is 56.07 cents per $100 of property, including one cent dedicated to affordable housing. A budget proposal presented Monday night by Thomas Bonfield would raise the tax rate to 57.86 cents and double the dedicated housing portion to two cents.…

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