North Carolina lawmakers in the House and Senate passed HB 1089 on Wednesday, which places a constitutional ballot in November to enact a property tax levy limit.
Currently, local governments have the authority to adjust property taxes as needed.
“What we’ve seen in recent years is that some of these local governments have been using the property tax as a cash cow to allow them to enact huge spending increases that are beyond really people’s ability to pay for them,” said Mitch Kokai, a senior political analyst with the John Locke Foundation, citing a study from the nonprofit think tank…