Signer’s call to cut tax rate is met with resistance
Credit: Cat Thrasher
The Daily Progress Thursday, March 09, 2017 at 10 p.m.
A proposal from Charlottesville Mayor Mike Signer to lower the city’s real estate property tax rate by 2 cents was met with skepticism from other members of the City Council at its budget work session Thursday.
If the city’s current tax rate of $0.95 per $100 of assessed value were lowered to $0.93, it would decrease the proposed $171 million budget for fiscal year 2018 by nearly $1.4 million.
The proposed budget for the fiscal year that begins July 1 is a $9.6 million, or 6 percent, increase over the current year’s adopted budget, the largest increase in the last decade.
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