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Charlottesville staff to advertise 2¢ real‑estate tax increase as part of FY2027 budget
Summary
City staff presented a FY2027 draft budget with a proposed 2¢ increase in the real‑estate tax rate, which would raise about $6.4 million. Council members signaled support for advertising that rate for the required public hearing while asking staff for alternatives and detailed backup plans.
Charlottesville staff presented the draft FY2027 general‑fund budget on March 5, saying it includes a proposed 2¢ increase in the real‑estate tax rate that would generate roughly $6.4 million more than FY2026 projections.
Chrissy (Presenter) told the council the draft general fund totals just over $279 million and that local taxes comprise about 70 percent of the revenue mix. “This budget does include a 2¢ real estate tax rate increase,” Chrissy said, framing the…
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