Agenda - 05-06-1998 - 7b - Laserfiche WebLink

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LAW OFFICES COLEMAN, GLEDHILL & HARGRAVE A PROFESSIONAL CORPORATION 129 E. TRYON STREET P. O. DRAWER 1529 HILLSBOROUGH, NORTH CAROLINA 27278 919.732-2196 FROM THE DESK OF FAX 919.732.7997 GEOFFREY E. GLEDHILL April 29, 1998 Margaret W. Brown, Chair Bill Crowther Moses Carey, Jr. Alice Gordon Stephen Halkiotis Orange County Board of Commissioners Post Office Box 8181 Hillsborough, North Carolina 27278 RE: Legislative matters Dear Board Members: This letter follows my April 21, 1998 letter and the attachment to it and the attachment to it related to the North Carolina Association of County Commissioners Board of Directors action on Homestead Exemption legislation. The Board of Directors of the Association approved supporting the House Speaker's proposal to increase to $25,000 both the amount of property excluded and the income threshold for the homestead exemption provided there is 1000 State reimbursement to local governments of the approximately $8 million that will be lost to local governments by this change. The Board of Directors' "plan B" is to support the change in the Homestead Exemption provided that the State reimburses local- governments for half of all revenues lost to them because of the Homestead Exemption, including that that will be lost if the exemption is increased. In response to this I am providing the enclosed resolution related to legislative matters which is an alternative to the resolution considered by you at your last meeting and adds support of the County Commissioners Association position on .the Homestead Exemption. It also continues to include support of the passage of a bill calling for the study of additional property tax discounts for the elderly. I do not see support of the present Homestead Exemption increase being in conflict with a 3