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Moore County board allocates millions in one-time receipts, eyes 1.5-cent tax cut next year
Summary
Commissioners approved item H allocating windfall and interest income: $508,000 for an upcoming tax rebate, $1 million toward school debt service, $1 million to fire capital reserve, $1 million for risk/health costs, $1.8 million for capital/operations, and $3.6 million toward next year's plan to reduce property tax rate by 1.5 cents.
Moore County commissioners on Nov. 6 approved a package of fund assignments intended to use higher-than-expected receipts and interest income to reduce future tax burden and shore up reserves.
Chair outlined the allocations under agenda item H: $508,000 earmarked for a tax…
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