This site is about the overreaching political power of the NC Association of Realtors flush with money from cashing in your equity 6% at a time, leaving you to pay for growth with property taxes, year after year, with or without cash flow. In the last few years NCAR has pumped millions of dollars into NC political campaigns at the state and local level. They have spent millions more to defeat Local Options for Local Governments with misleading ads.

Wednesday, January 16, 2008

Standard & Poor's Praises Currituck

According to the Outer Banks Sentinel Standard & Poor's has raised its credit rating for Currituck County to reflect financing of the county's mainland water system.

Standard and Poor's recognized Currituck for ... closing out the past five fiscal years with operating budget surpluses and substantially increasing the county's property tax base.
Currituck County's high rating is also earned by additional factors, including a strong residential tax base, diverse revenue stream, high fund balance reserves and a prosperous tourism industry. Standard and Poor's also praises Currituck County's manageable debt burden and focus on a pay-as-you-go capital financing plan.
A majority of Currituck's revenues come through property taxes, sales tax, occupancy tax and real estate transfer tax.

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