Mountain counties including Ashe, Watauga, and Avery could face significant reductions in local funding under proposed tax amendments, since property taxes account for roughly half of their general fund revenue according to a budget analysis.
Recap by left917 · read the full story at the source
Property taxes pay for roughly half of what Ashe, Watauga, and Avery counties need to run, which means proposed state tax amendments could punch a serious hole in local budgets here. A state budget analysis laid that out plain. Counties this size do not have the slack to absorb millions in lost revenue, and there is no word yet on what gets cut or how bad it gets. Pay attention to this one.
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