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James City County board approves $15.3 million tax refund after state ruling
Summary
The Board of Supervisors unanimously amended the FY2026 budget to authorize a $15,285,992.92 refund after a 2024 state tax commissioner ruling; staff said interest was accruing at about $83,000 per month and the county also billed the taxpayer more than $21 million.
The James City County Board of Supervisors voted unanimously at a special meeting to amend its FY2026 budget and authorize a $15,285,992.92 tax refund to a major taxpayer after the state tax commissioner ruled in the taxpayer’s favor in 2024.
Stevens, a county staff presenter, told the board the resolution would increase the general fund by up to $60,000,000 from the county’s unassigned fund balance to provide the refund and authorize payment.…
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