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Oak Island mayor thinks tax hike plan out of line

READ MORE: Oak Island mayor thinks tax hike plan out of line

OAK ISLAND, NC (WWAY) -- The mayor of Oak Island is calling out several elected officials now that the town is proposing a tax increase. Oak Island, just like many towns and cities, is trying to balance its budget. One idea proposed by town council is a 2.5-cent property tax increase, but this proposal doesn't fly with the mayor.

Mayor Betty Wallace says that three out of five council members are notorious for overspending. She says their decisions have led to the town's proposed property tax increase. Wallace says it's time for these council members to think of another way to balance the budget.

"At some point they have to understand that we don't have a money tree on Oak Island and they're about to send several more people into financial distress and bankruptcy," Wallace said.

Wallace thinks downsizing in some departments will save the town money. The town will hold its first budget work session Friday. Residents are encouraged to attend and voice their concerns on what should be cut out for the upcoming fiscal year.

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