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CALABASH—The town is readying its upcoming budget, as commissioners approved Tuesday night a June 10 public hearing for the 2008-2009 fiscal year.
Town commissioner Forrest King, acting as finance officer, said the tax rate should remain at 7 cents per $100 of valuation for the projected $1,022,950 budget that takes effect July 1.
The overview includes $193,000 from ad valorem taxes from real and personal property, based on the town’s current 94 percent collection rate.
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