I understand That is deep from the weeds, but The underside line can be an uneven playing area in which non-earnings developers, who compete in exactly the same marketplace because the for revenue brethren, achieve an unfair benefit.

As a result of five several hours of work session within the 7 days previous, the board voted unanimously to market a $68 million spending plan that includes tax increases in both equally property and private house.

In keeping with Virginia state code, the marketed spending budget and tax fees can only reduce, not maximize.

The BOS mentioned whether the new undertaking power on CIPs should really take care of the prioritization or must a ask for go back to Just about every Division to form out their critical desires in the subsequent 5 12 months.

If additional cash are required then the BOS will need to determine if further tax income is required to fund all tasks. He also mentioned that Albemarle County has acted to advertise an increase in their tax level to equalize tax revenue because their property values have declined, similar to what Greene County is dealing with.

S. Catalano noticed which the County has misplaced close to 50 percent one million pounds in point out funding over the past several yrs. He's “mad as hell” and could be in favor of suing the Condition really should a sound assert be identified.

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He additional spelled Bos138 out that boosting the tax price to equalize tax profits would induce some home taxes to extend plus some to reduce and he didn’t believe that was reasonable.

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When the property tax level will not be equalized then there will be much less tax earnings coming in the county that may end in a lot less money flowing to the Reserve Fund.

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