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Charlottesville council agrees to one-cent tax plan and to expect 50% of any state school windfall
Summary
At a April 2 work session, Charlottesville City Council signaled support for a one-cent real-estate tax option conditioned on covering a $228,000 shortfall from the citywide reserve and agreed to pursue language to recapture roughly 50% of any additional state funds that Charlottesville City Schools receive this year.
Charlottesville City Council on April 2 agreed in principle to move forward with a one-cent real-estate tax option in its budget package and to cover an identified $228,000 shortfall from the citywide reserve, council members said at a wrap-up work session before next week’s budget vote.
The session focused on balancing the proposed $279 million budget and reconciling a gap created when staff updated revenue projections. Staff told the council a two-cent rate increase would raise about $2.4 million; a one-cent increase would raise about $1.2 million but leave roughly $228,000 to be made up through reserves or other adjustments. After discussion, council members indicated…
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