The NC General Assembly will consider a change in the way sales taxes are distributed. This table reflects the impact. The numbers are from the General Assembly's fiscal research division via the County Commissioners Association.
16. Local Sales Tax Distribution Comparison
See Notes at the End of This Document for Calculation Information
March 25, 2015
FY 2013-14
Actual
FY 2018-19
Projection
Current Law
FY 2018-19
Projection
Current Law With
No Adjustment
Factors
FY 2018-19
Projection
SB 369
FY 2018-19
Change
Compares Current Law to SB 369
$ %
Yadkin County 4,842,704 5,409,901 5,408,999 8,290,459 2,880,558 53.2%
Boonville 123,674 172,961 172,946 266,122 93,162 53.9%
East Bend 74,344 96,838 96,828 131,540 34,702 35.8%
Jonesville 245,572 335,157 335,127 495,284 160,127 47.8%
Yadkinville 337,939 450,496 450,455 638,998 188,502 41.8%
Yancey County 2,625,234 3,038,820 3,036,947 4,296,894 1,258,074 41.4%
Burnsville 358,052 418,660 418,482 411,683 (6,978) (1.7%)
* Municipality spans multiple counties
Notes
- In a few instances, small municipalities that receive no funds in FY 2013-14 are projected to receive funds in FY 2018-19; this
discrepancy comes from the per capita basis of the FY 2018-19 calculations.
- FY 2013-14 Actual Distributions are from NC Department of Revenue Monthly Distribution Summaries, May 2013 - April 2014
- All FY 2018-19 Projections assume 3.5% annual growth over FY 2013-14 actuals.
- FY 2018-19 Current Law With No Adjustment Factors Column does not compute the impact of adjustment factor repeal on City Hold
Harmless distributions made under G.S. 105-522. As such, projections are approximations.
- FY 2018-19 SB 369 Column uses county-level population projections from the Office of State Budget and Management, State
Demographics Branch. Within a county, each municipality's population is allocated based on 2013 data.