Clyde faces property tax shortfall, leaner budget as Helene-damaged home values plummet

CLYDE, N.C. (WLOS) — Flood-damaged properties in Clyde are now worth less after Hurricane Helene. That means fewer revenues being produced, which has led to a lean, recently passed town budget.

Clyde leaders say $43,000 less in property taxes is coming into the town this year due to an abundance of Helene-damaged homes.

“We hate to lose the revenue,” said Mayor Jim Trantham…

Story continues

TRENDING NOW

LATEST LOCAL NEWS