ADDITIONAL MATERIAL FOR

AGENDA #5d

 

MEMORANDUM

 

TO:                  Mayor and Town Council

 

FROM:            W. Calvin Horton, Town Manager

                        Ralph D. Karpinos, Town Attorney

 

SUBJECT:       Additional Information on Local Electric Franchise Tax

 

DATE:             August 26, 2002

 

Please add the attached supplemental information to the report contained in your agenda for August 26, 2002 on this subject:

 

1. N.C. League of Municipalities LegisFax for August 22, 2002.  This reports on a lawsuit being filed over the Governor’s retaining of revenues which were to be distributed to local governments.
2. Daily Tar Heel report on August 23, 2002.  This article provides additional information on the lawsuit.