A committee formed to examine the impact of residential development on North Carolina's coast says the state should find new sources of money and give property tax relief to business owners.
The North Carolina Waterfront Access Study Committee says pier owners, fish house operators and others should get benefits to help contain the loss of public access to coastal waters.
In a report released late last week, the committee says lawmakers should allow deferring part of the tax bills for traditional waterfront business, which is a benefit farmers currently have.
Escalating land values are causing property taxes to skyrocket, making it difficult for traditional waterfront businesses to pay. Many are forced to give in to developers who want to build on their land.
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