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Why Do We Need It?

    • Forsyth County is the lowest of North Carolina's major urban areas in local teacher supplement pay.
    • Approximately 15% of our teachers leave our schools each year (540 teachers).
    • Currently Winston-Salem/Forsyth County Schools has about 30 unfilled positions for licensed teachers.

How Will It Be Used?

    • It's dedicated to increasing Winston-Salem/Forsyth County School's local supplement for classroom teachers.
    • The increase will range from $2,000 - $3,000 more per teacher, per year.
    • Will lower the Forsyth County property tax rate 1 penny.

What Is Exempt?

    •  Groceries or unprepared foods
    •  Gasoline
    •  Prescription Medication
    •  Motor Vehicle and Home Sales
    •  Rent
    •  Other exemptions as listed within the legislation

     

Revenue Generated

  • Estimated $13 million in a year

    Projected to increase to over $14.3 million by 2025

     

     

Options

  • Increase in Taxes

    Sales vs. Property

    Sales Tax Property Tax

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    1/4 Cent

     

     

     

     

     

     

     

     

     

     

     

     

     

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    clipart image of a penny
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    3.5 Cent