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King William supervisors approve 3.5¢ real‑estate tax increase, restore school transfer
Summary
After hours of budget debate on May 19, the King William County Board of Supervisors voted to raise the real‑estate tax rate by 3.5 cents per $100 of assessed value and approved a $784,372 increase to the school transfer; the changes aim to shore up public safety funding and replenish reserves.
The King William County Board of Supervisors voted May 19 to raise the real‑estate tax rate by 3.5 cents per $100 of assessed value and to increase the school transfer by $784,372.
The vote followed a lengthy budget discussion in which staff presented two revenue scenarios — with and without a tax increase — and cautioned that without new revenue the county would need to draw on the unassigned fund balance. County staff said a no‑tax scenario left roughly $390,000 in unassigned funds, while the tax scenario produced…
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