Town to Strive to Keep Down Taxes in 2003-04
By Billy Corriher | January 21The Chapel Hill Town Council, preparing to begin deliberations on the town's 2003-04 budget, hopes to avoid raising taxes for a second year in a row. Town Manager Cal Horton's budget estimates, which were presented to the council at a planning session Friday, include a 1.96-cent increase to the tax rate of 51 cents per $100 valuation. But after last year, when the town raised the tax rate by 4.9 cents per $100 valuation, council members said they believe another tax increase is undesirable. Horton's budget estimates are only preliminary guidelines.