Monkey Junction tax exemption bill heads to McCrory's office - WECT TV6-WECT.com:News, weather & sports Wilmington, NC

Monkey Junction tax exemption bill heads to McCrory's office

(Source: MGN Online) (Source: MGN Online)

WILMINGTON, NC (WECT) – A bill that would allow the City of Wilmington to not charge Monkey Junction residents for city property taxes passed the Senate and House and has been sent to Gov. Pat McCrory to be signed into law.

Sen. Thom Goolsby filed the bill in February. It prohibits cities from charging city taxes for properties that aren't inside the city limits for at least six months.

About 1,000 acres of Monkey Junction was officially part of the City from January to July, 2012. In the summer of 2012, the General Assembly began requiring cities to get approval from a majority of property owners before involuntary annexations can go forward.

According to a spokesperson for Wilmington, a city projection of the tax revenue from the area is estimated at approximately $100,000 for that six-month period.

Mayor Bill Saffo said in a previous report that the City doesn't want to bill Monkey Junction residents for such a short time and for such limited city operational costs. He said it didn't seem fair with the uncertainty surrounding the situation.

"We appreciate the efforts of our local delegation in getting this situation resolved quickly," said Wilmington Mayor Bill Saffo. "We are glad to clear up this confusing situation so we can better focus on ways to grow our city's economy."

Copyright 2013 WECT. All rights reserved.

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