Princeton still unsure about tax increase
It’s still unsure whether Princeton’s residents will pay a four tenths of a percent increase on this year’s property taxes.
The ordinance pertaining to the tax increase was to be voted on during a regular session meeting held Monday night, but was held aside as the council decided whether to re-write the ordinance.
Princeton Mayor Danny Beavers suggested that the city allow the Caldwell County Sheriff’s Office to collect this year’s property taxes from city residents. Princeton city taxes would be added to a resident’s county tax bill as a separate line item, much like that of Fredonia’s residents.
A motion was made during the meeting to allow the Caldwell County Sheriff’s Office to collect Princeton city taxes. However, it was determined Tuesday morning that the city will be unable to meet the county’s deadline due to publication requirements and legal time restrictions. Therefore the city will continue to collect taxes at City Hall.
There will be a public hearing before a special called meeting at 5PM on Thursday, October 18th. The city will vote to set property tax rates at a four tenths of a percent increase at the special called meeting.