Inside Morganton’s Ingles on Carbon City Road, missing floors and hanging cables signal slow progress after Hurricane Helene. Employees say reopening is planned but unscheduled. Some estimates state $107,000 yearly in Morganton's lost tax share.
Inside Morganton’s Ingles on Carbon City Road, missing floors and hanging cables signal slow progress after Hurricane Helene. Employees say reopening is planned but unscheduled. Some estimates state $107,000 yearly in Morganton's lost tax share.
In Burke County, sales-tax receipts are showing signs of leveling out this budget year despite a robust economy, with Valdese projected to receive $1,879,492 and Morganton expected to receive $6,920,661 in sales tax. While representing a significant portion of general fund revenues for both municipalities, the growth in sales tax revenue is reported to be leveling, attributed to factors such as decreased consumer spending post-COVID and the absence of stimulus checks. Long-term strategies involve considering a potential increase in the local sales tax rate and prioritizing expenditures to manage revenues effectively.
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