"Greensboro Mayor Nancy Vaughan has released the following statement on behalf of the City of Greensboro in reaction to today’s signing of a law that eliminates the ability of local municipalities to charge privilege license taxes.
“I’m disappointed with how this bill materialized and how quickly it moved through the North Carolina House and Senate, seemingly without regard for how it will negatively impact local governments and taxpayers. Members of Greensboro City Council visited Raleigh this week in an attempt to provide insight into how this law could affect our city. We expected the legislature to at least consider a $100 cap on the privilege license. I am extremely disappointed in the fact that this final version of the law ultimately takes away a traditional local government revenue source and decision. Unfortunately, in Greensboro, this will leave us with over $3 million to replace in the 2015-16 budget. The only way to do that is to raise property taxes or cut services, so this law could have a significant impact on Greensboro’s residents.”"
Submitted by City of Greensboro
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