J Dirk Nies, Executive Director, nonprofit Floriescence Institute
over 1 year ago
Virginia Tax Code 58.1-3321, Subsection A, limits year-over-year increases in total real property tax levied by the County to no more than one percent.
The Board of Supervisors has chosen to override this State tax relief and affordable housing protection, by invoking Subsection B and holding separate, public hearings.
I suggest and request the Board of Supervisors have County Finance create, prior to this scheduled public meeting, a budget that adheres to Subsection A's 1% increase in real property tax levies. This budget will be used as the baseline to compare against the currently proposed Operating and Capital Budget for the upcoming fiscal year.
All proposed expenditures funded by real property tax levies garnered in excess of the 1% directive will be highlighted for public discussion and comment.
Expenditures NOT "deemed to be necessary" under Subsection B would be removed from the budget, and the rate of levy on real property assessments would be reduced accordingly.
Virginia Tax Code 58.1-3321, Subsection A, limits year-over-year increases in total real property tax levied by the County to no more than one percent.
The Board of Supervisors has chosen to override this State tax relief and affordable housing protection, by invoking Subsection B and holding separate, public hearings.
I suggest and request the Board of Supervisors have County Finance create, prior to this scheduled public meeting, a budget that adheres to Subsection A's 1% increase in real property tax levies. This budget will be used as the baseline to compare against the currently proposed Operating and Capital Budget for the upcoming fiscal year.
All proposed expenditures funded by real property tax levies garnered in excess of the 1% directive will be highlighted for public discussion and comment.
Expenditures NOT "deemed to be necessary" under Subsection B would be removed from the budget, and the rate of levy on real property assessments would be reduced accordingly.