The Board of Commissioners resolved in an August 15, 2016 resolution to designate funds raised through the Article 46 one-quarter cent (1/4¢) sales and use tax as follows:
•Waterway Dredging and Maintenance – the Board of Commissioners intends to allocate Article 46 one-quarter cent (1/4¢) County sales and use tax proceeds for waterway dredging and maintenance and has appointed a waterway managem
ent board to prioritize the need for these purposes and administer the funds to accomplish the waterway dredging and maintenance. The Carteret County Finance Department estimates, based on current sales tax figures, that the one-fourth of a penny sales and use tax would generate approximately $2,500,000 annually. Those funds will then be matched by the State of NC in a 2 to 1 match, meaning the county would have over $7,000,000 annually.