Wake County homeowners could see a higher property tax bill as the county manager proposes a 2-cent increase to help close a significant revenue shortfall. The proposal comes as the county expects to generate only $8 million in new revenue for the upcoming fiscal year – far below the typical $40 million to $50 million.
County Manager David Ellis has attributed the gap to what he described as a lack of state funding, property tax loopholes, and the war with Iran.
For homeowners like Albert Megl, who moved to Raleigh from California 14 years ago, the possibility of another increase is frustrating…