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Board moves March 5 budget work session, considers biennial desk reviews of assessments
Summary
Supervisors agreed to delay the March 5 budget work session pending state figures and discussed biennial desk reviews of property assessments to reduce revenue volatility between reassessments.
Mr. Gentry proposed conducting desk reviews of property assessments every other year to help prevent large real estate tax changes between reassessment cycles and improve revenue predictability; he said biennial desk reviews would make assessment values more closely reflect market conditions.
The Board and staff also discussed the proposed budget schedule and the possibility of rescheduling the March 5 budget work session because of pending state budget information. Mr. Walker said a draft budget meeting calendar would be presented on March 3 and reminded the Board the county is required to provide the school division an approved budget by May 15. After discussion, the Board agreed to move the March 5 budget work session to a later date in March to allow for updated state figures and more informed decisions.
