Albemarle County Officials Hold Budget Forum, Benefits Shown to Community
ALBEMARLE COUNTY, Va. (WVIR) - People in Albemarle County have a better idea of how their tax dollars will be spent come next year.
The $456 million proposed budget could increase the real estate tax by 1.5 cents for each $100 a home is worth.
During a forum held on Thursday, County Executive Jeff Richardson and School Superintendent Matt Haas gave community members a look at how the increase in taxes would help benefit schools in the county.
"The tax rate increase this year is earmarked to the capital fund and it’s focused primarily on the 2016 bond referendum which focused on additional school capital funding and we are also focusing on additional projects as we move forward,” said Richardson.
The board of supervisors is expected to finalize the budget sometime in April.