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Chatham hopes to balance budget without tax increase

Posted Thursday, January 5, 2006

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Pittsboro, NC - The Chatham County Board of Commissioners agreed this week to try to balance the county's 2006-07 budget without raising taxes.

The board voted last year to raise the tax rate by 4 cents per $100 of assessed property value, which allowed it to take on more debt without raising taxes in the near future. The county will borrow $133 million for three new schools, community college buildings, a new library and other construction projects.

Board members also discussed land-use issues at the two-day retreat, which ended Wednesday.

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