Council will likely not raise real property tax rate for next budget cycle
Fiscal New Year is only 114 days away and Charlottesville City Council will meet tonight with the Charlottesville School Board at CATEC at 5 p.m. for a work session on the budget that will kick in on July 1.
Last week, Council held a work session to give its priorities for the creation of a budget including the setting of a tax rate. They also heard from interim City Manager Michael C. Rogers on budget guidelines including one that’s been in place for some years. (view the meeting) (view the presentation)
“We continue the strong commitment to education by allocating up to 40 percent of new city real estate and property tax revenues to schools,” Rogers said. “Now, this is a policy, this is a guideline. This is not written in stone except through the adoption of the budget.”
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