Mike Swaim's blog

Hillsborough budget proposal calls for tax rate increase of nearly 8%

http://www.newsobserver.com/politics/story/1073114.html

Proposed $18.5 million budget would raise Carrboro tax rate 4.9%

http://www.newsobserver.com/politics/story/1073116.html

notable quotes:

"The economy has really made it difficult," said Peterson, who noted that Chapel Hill and Carrboro also are facing local property tax-rate increases.

 -- Hillsborough Town Manager Eric Peterson

"I don't recall, at least in recent history, a more dim outlook in terms of revenue projections," -- Carrboro Town Manager Steve Stewart.

The other night District 2 County Commissioner candidate Steve Yuhasz said something to me that I found so incredible that I determined to do a little bit of research on the subject. Steve maintained that in 2006 there were only 3 farms in all of Orange County that claimed more than $20,000 farm income. He said that farming for a living was no longer viable. The implication was that if farming was not economically significant, then the county might as well be subdivided into more neighborhoods and strip malls. Steve said he got that info from something circulated by the Economic Devolpment subcomittee. How scary.

My first thought was how in the world would anybody get such information? Individual and corporate tax returns are considered so private that when the various gov't agencies that report on income sectors make their reports, they go to some lengths to make sure that nothing that could identify a specific person or farm can be gleaned from even a very careful reading of their summaries.