"...Boynton's proposed $327 million 2012-2013 budget
would spend $8.5 million, or 2.7 percent more
than this year's $318 million approved budget.
...High Point's property tax base was $9.1 billion in 2011-2012,
and was reduced to $8.7 billion after the county's revaluation."
"City Manager Strib Boynton recommended a tax rate increase to 68.5 cents
to make up for the projected loss of about $2 million
stemming from a 3.3 percent decline in High Point’s total tax base.
If High Point lost money on Guilford County's revaluation
who made up the difference?
managed to include both the employee pay raise
and the reduced tax rate increase
with a mixture of spending cuts from the general fund
and transfers from other funds.
The 68.56 cents rate was revenue-neutral,
or raised the same amount of money as last year,
because it offset the reduction in the value of High Point's property base
from the 2011 Guilford County property revaluation.
...61 percent of the property in High Point went down in value,
5 percent was valued the same
and 34 percent increased in value.
High Point's property tax base decreased by $307.6 million, or 3.3 percent,
which would have cut the city's revenue by $2 million
without a rate increase or required spending cuts.
...Smothers and Boynton snuck the $318.4 million budget
with a 2.9 percent property tax increase, and water, sewer and electric rate increases,
into its consent agenda – a catch-all agenda item for public bodies
that usually contains non-controversial and minor, housekeeping issues.
That was something no politician or North Carolina political expert
The Rhino Times contacted could remember a city council ever doing."