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Carolina Beach tax to increase, revenue to drop

CAROLINA BEACH, NC (WWAY) — Carolina Beach Town Council held a public hearing on the budget proposal for the 2012 – 2013 fiscal year. They adopted a 16.1 million dollar budget calling for a tax rate of 23.5 cents per hundred, an increase from the current rate of 17.5 cents.

Because of falling property values, this will bring the town about 400 thousand dollars less than last year.

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