Agenda - 07-07-1986 - Laserfiche WebLink

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The most serious problems with the prape.,Jy tax are summarized-below. • Ownership of real property is no longer an accurate indicator of wealth or ability to pay.' • The property tax is the most regressive form of taxation available to countles • The property tax base is only marginally responsible in the short term to changes in the Noi n� h economy: if counties are expected to participate as partners with the state in providing-6 variety of services and the facilities to mouse these functions they must have access to alternative revenue resources that are responsible to economic change and equitable in terms of L;a u, i now Impact on residents.The Association will support efforts to attain reform of the property. tax system and alternative sources of revenues for counties. ■ . j Fis I Integrity of Counties u4junties . the continued fiscal health of county government depends upon: • State laws which provide for sound financial management practices that are adaptable- to the special needs of each county. / • Guidance from appropriate state agencies on necessary improvements in accounting, / reporting and auditing procedures. =411kea ff I& Ut • Recognition by state agencies which oversee programs operated by county. governments that there have been significant improvements in budgeting and fiscal management practices at the county level. In order to enhance the fiscal integrity of counties, the Association of County Commissioners will continue to support changes in the state law which will improve financial management practices and reduce inconsistencies in fiscal procedures among General policy staternents adopted by delegates to the 1984 { programs administered by county governments. Annual Conferencd of the North Carolina Association of 1 County Commissioners. Financing Pubic Facilities . County governments have the rims g primary responsibility for financing public school facilities. I jails, court buildings and administrative buildings, Historically, county commissioners have utilizied bond issues to provide the revenues for these responsibilities.Sweeping' i changes in the public bond market and uncertainty regarding interest rates have made this form o'financing less attractive, Accordingly,the Association will.work with the Local Government Commission to find suitable alternative means 'of financing necessary public facilities. The Association believes that revisions In the traditional approach to icing-term financing of public facilities must provide financially feasible ways of providing multi-year financing of capital projects without jeopardizing fiscal well-being of county governments, N.C.Association of County'Commissioners P.O. Box 3488 Rarer SIC 27602 . . - . (919)832-2893