The Guilford County Board of Commissioners is asking voters to approve a 0.25% local sales tax increase and a $1.7 billion school bond measure at the May 17 primary election.
One measure would authorize the county to issue $1.7 billion in bonds for constructing new schools, improving and expanding existing schools, and school equipment. The other measure asks voters to approve a 0.25% (one-quarter cent) sales tax increase to fund school construction and bond debt repayment. Sales and use taxes in Guilford County do not apply to gasoline or grocery items.
The Board of Commissioners also stated in the resolution that, should the quarter-cent tax increase be approved, the county would lower the county’s property tax rate to an amount equal to sales and use tax revenues (a minimum of 0.3 cents) when adopting the 2023 budget.
