administrator
03-13-2008, 06:12 PM
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It’s a tough budget year, and Fluvanna County taxpayers could soon feel not only the pinch at the pump, but a tax hike to boot.
In ongoing budget work sessions, supervisors are considering a five-cent increase to the real estate tax rate, which could generate about $1.7 million in additional revenue. The current tax rate is 43 cents per $100 of assessed value.
“Three cents [of the potential increase] is preparing for future debt services on the high school,” said G. Cabell Lawton IV, county administrator.
The project, which is currently in the design development phase, is slated for value-engineering in hopes of reducing the cost.
Lawton said that despite “tremendous” cuts in operational expenditures, the other two cents of the possible increase would cover additional burdens created by state mandates and costs in other categories.
“Even with two more cents, [supervisors] still have to make some decisions about their priorities,” Lawton said.
Sheriff Ryant Washington is pushing for an increase in officers’ salaries, and the department of social services staff has expressed a need for more personnel.
Lawton stressed that numbers are still very preliminary.
“[The jump] could end up being one cent, or no cents, depending on the decisions they make,” he said.
Personal property taxes could also spike by 30 cents. The current rate of $3.70 per $100 of assessed value has been constant as far back as county officials have been able to research.
The potential increase would generate more than $540,000.
A public hearing about the budget is tentatively slated for April 16.
Story courtesy of the Central Virginian
It’s a tough budget year, and Fluvanna County taxpayers could soon feel not only the pinch at the pump, but a tax hike to boot.
In ongoing budget work sessions, supervisors are considering a five-cent increase to the real estate tax rate, which could generate about $1.7 million in additional revenue. The current tax rate is 43 cents per $100 of assessed value.
“Three cents [of the potential increase] is preparing for future debt services on the high school,” said G. Cabell Lawton IV, county administrator.
The project, which is currently in the design development phase, is slated for value-engineering in hopes of reducing the cost.
Lawton said that despite “tremendous” cuts in operational expenditures, the other two cents of the possible increase would cover additional burdens created by state mandates and costs in other categories.
“Even with two more cents, [supervisors] still have to make some decisions about their priorities,” Lawton said.
Sheriff Ryant Washington is pushing for an increase in officers’ salaries, and the department of social services staff has expressed a need for more personnel.
Lawton stressed that numbers are still very preliminary.
“[The jump] could end up being one cent, or no cents, depending on the decisions they make,” he said.
Personal property taxes could also spike by 30 cents. The current rate of $3.70 per $100 of assessed value has been constant as far back as county officials have been able to research.
The potential increase would generate more than $540,000.
A public hearing about the budget is tentatively slated for April 16.
Story courtesy of the Central Virginian