Thursday, April 7, 2011
Albemarle County Approves 2012 Budget, Holds Property Tax Rate Steady, After $40 Million Cuts in Past Two Years
Albemarle County BOS has approved a new budget and is holding the property tax rate steady at 74.2 cents per $100 of assessed value. Albemarle County has made more than $40 million in spending cuts in the past two years, and has recently cut approximately $160 million in projects from the 5 year capital plan, according to The Daily Progress. Services, schools, libraries, parks, infrastructure...or keeping the property tax rate steady? The BOS chose the latter.