Trust Fund Supporting Local Food Economy, Motion

Jurisdiction Name: Cabarrus County
State/Province: NC
Country: United States
Type of Government: County
Population: 184,498
Population Range: 50,000 to 249,999
Policy Links: PDF
Policy type: motion
Year: 2009
GFC Topic: community food production
Keywords: agricultural land, conservation, conservation easements, easement, economy, fund, land value, local, local food, local food economy, present-use value system, property tax, public funds, tax, trust fund
Adopting Government Department(s):

Cabarrus County Board of Commissioners

Lead Implementing Entity(s): Cabarrus County Tax Administration, Finance Department
Support Entity(s):


Funding Amount: unknown
Funding Sources: Cabarrus County (deferred taxes on property removed from the present-use value system)
Policy Outcome(s):

Motion established a trust fund to support the local food economy; when property leaves the North Carolina agriculture present-use value system, the payment of deferred taxes on the property is placed in a special account that is dedicated to funding sustainable agriculture-related projects, instead of going into the general fund.

Additional Resources and Information: Link 1Link 2Link 3