The NewsVirginian has an article about the potential tax rate increase in Augusta County to cover the budget shortfalls that they have had to cover recently. $2,4 million to cover the school issue and another $1 million for Police & Firefighter coverage... Now comes the shell-game to find the additional funds or raise the tax-rate across the board for the county residents...
Taxes could go up next year in Augusta County, but that decision won’t be made until supervisors meet next week for another budget work session.
Supervisors have committed an additional $2.4 million to the county schools in next year’s budget above county growth revenue, and reached a consensus Wednesday on an additional $1 million in other obligations that include two additional sheriff’s deputies and three new firefighters in Mount Solon.
Wills said he did not see the budget as balanced if the county is borrowing money from other funds to meet operating needs. He said he was reluctant to take money from capital accounts when the county might need those funds to repair a dam or for economic development. He described “big dollars” as being needed for a potential major economic development project.
If necessary, he said, supervisors should “step up to the plate” and tell Augusta County residents a tax increase is needed to fund the 2012-13 budget. The current real-estate tax rate is 48 cents per $100 of assessed value.
North River Supervisor Marshall Pattie, on the other hand, said he was not opposed to using the capital accounts to get the county through the remainder of a difficult economic cycle.
Pattie said real property values in his district increased 47 percent during the last reassessment, and he would not like to add a tax increase to that.
And Pattie said there is additional revenue on the horizon for Augusta County, with the anticipation at some point of the Augusta Marketplace retail project opening inVerona.
Read more at: NewsVirginian