Eight days until Charlottesville City Council adopts a budget
There are eight days left until Charlottesville City Council will adopt a budget for the next fiscal year, and many remaining decisions have yet to be made on tax rates.
- Will there be an increase in the city’s real estate tax increase? Council can increase to as high as $1.05 per $100 of assessed value.
- Will the city lower the personal property tax rate on vehicles to provide relief in the face of climbing values? The Commissioner of Revenue has recommended doing so, but leaving it at $4.20 per $100 of assessed value would bring in $2 million in additional revenue.
- Will Council agree to a half percentage point in the meals tax? There’s a public hearing on this tonight.