N.C. Town Fighting for State Funding
By Tanner Bond | May 1When the floodwaters from Hurricane Floyd receded in the waning months of 1999, it was evident that the town of Princeville had suffered millions of dollars in damage.Town officials are now claiming they are being further damaged by a faulty tax return system's failure to account for the effects of Floyd.Princeville's leaders claim that by using the 2000 census instead of the 1999 population estimate, the Office of State Budget, Planning and Management is shortchanging the town in tax returns.The state government receives numerous sales tax proceeds and then turns them over to the loc