Future Economic Impact
Based on Currituck County Land Use Plan analysis of citizen surveys, tax records and geographic data. To learn more visit www.Currituck2030.com
CCA has tried for years to encourage the County to use an open and objective process for selecting the projects that would best attract tourists and increase the use of lodging and other facilities to help grow the tourism economy. CCA has asked several times to sit down with the County to have a discussion of a better way to help Currituck’s economy. But with each additional request for discussion it seems that the county shuts down another line of communication. The Public Record disclosures support CCA’s concerns so they have no other option than to ask a judge to decide.
When CCA Wins
Faith Restored in Beach Housing Market
CCA 10 Year OT Spending Plan Implemented
Beach Restoration Project Completed in Five Years
Beach Rental Profits Begin to Grow Again
Beach Home Sales Market Strong Again
Occupancy and Sales Tax Revenue Growth Restored
Mainland Housing Growth Continues
Property Tax Increase Not Required If County Repays Tourism from Its Reserves
Property Tax Rate Increase Across County To Cover The Increased Costs in Full Service Mainland
Beach Property Value Increase Offsets Tax Rate Increases After Five Years
If “Business As Usual” Continues
Continued Tourism Struggle to Compete With Dare County Beaches
Continued Erosion of Rental Rates Reduces OT and Sales Tax Revenues
Continued Decline In Beach Property Values Reduce Property Tax Contributions
Decline in Occupancy Tax and Sales Tax Revenues from Tourism
Mainland Housing Growth Continues Increasing County Service Costs
Tax Rate Hikes Necessary to Cover Costs Due to Full Service Mainland Growth and Continued Decline of Value in Low Service Demand Beach Area
Eventual Catastrophic Loss of Beach and Beach Value in Major Storm Further Driving Up County Property Tax Rates