City Leaders Could Consider Sales & Property Tax Increase to Pay for Transit
CHARLOTTE, N.C. – You could be asked to foot the bill for Charlotte’s ambitious new transit projects.
Up to $6 billion in local funding is needed to complete several projects, including the CATS Silver Line.
Thursday, a mobility task force is expected to recommend sales and property tax increases to pay for the plan.
If City Council agrees, it would go to voters in a referendum next year.
The state legislature would also have to approve a possible sales tax increase.
The plan calls for 110 miles of light rail lines, 140 miles of bus rapid transit, 115 miles of greenways, 75 miles of bicycle networks, and 60 miles of roads.
The cost? $8 billion to $12 billion, with $4 billion to $6 billion funded locally.
The proposed CATS Silver Line is a big part of the project.
The light rail train would connect Belmont, the airport, Uptown, Matthews, and possibly Union County.