HomeMy WebLinkAboutC.054.93010_1275received from the 2002 1/20. tax. She said this tax had yielded $1,051,805 for the first
quarter. Blumenstein then shared the following sales tax information.
July/August/September 2003-2004 2002_2,003 t-Iu1v1,A�st/September)
10
$2,559,064
$2,599,125
1983 1/2¢
1,128,803
1,243,349
19861/2¢
1,113,417
1.230.407
2002 1/20
1.051,805
SWAM
���$1:
Blumenstein said the 1¢ tax was distributed on a point of delivery method and
the 1/2¢ taxes were distributed to each county using the state's overall population.
Mrs. Blumenstein said the amounts revealed that the county was stable in the point of
delivery method, but the statewide economy was affecting Iredell's other tax revenues
11/2¢ taxes).
Chairman Johnson asked if it would be fair to say that the sales taxes generated
in Iredell County were being sent somewhere else.
Blumenstein said this was a fair statement. She said that for example, if there
was a taxable good produced here, but it was delivered in Wake County, then Wake
County received the tax. She said that if a Wake County business drove to Iredell to
pick up the good, then Iredell County received the tax (point of delivery). Blumenstein
said two years ago, the point of sale method was changed by the legislature to the
current point of delivery system in an effort to recoup lost revenues from Internet sales.
She said this action had "stunted" the county's growth.
Insurance Services Office (ISO): County Manager Mashburn said ratings had
been received from the ISO pertaining to the inspections department. He said the ISO
rated county inspections departments in a 1 to 10 scale with I being the highest.
Mashburn said that in the commercial division, the county was ranked at a 4, and it was
previously at a 5. In the dwellings division, the county moved from a 9 to a 5. He said
the only reason the county did not receive higher ratings was due to the fact that Iredell
County had fewer inspectors than like -sized counties.
Farm -City Dinner: Mashburn reminded the group that the annual Farm -City
Dinner would be held Tuesday, November 25, 2003, 6:30 p.m., at the Agricultural
Center. He said the program this year would pertain to the new library.
Winter Retreat: Mashburn said that at the briefing, he had suggested that the
winter retreat be held on February 13-14, 2004, at the Agricultural Center.
Chairman Johnson said that in addition to a Tax Incremental Financing
discussion at the retreat, he would like some time allotted for a presentation from the
Emergency Communication Task Force.
ADJOURNMENT: OTIO by Chairman Johnson at 7:50 p.m., to adjourn
the meeting. NEXT MEETING: Tuesday, December 2, 2003 at 5:00 p.m., and 7:00
p.m., in the Iredell County Government Center, 200 South Center Street, Statesville, NC
28677.
VOTING: Ayes -- 5; Nays — 0.
Approved: AL-c,e� f�_-IV4J i�• 0� `�
Clerk to the oard