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reassessment in 1983-84. He also proposed that the county request an extension on the 1984 deadline for the next reassessment.
“Let’s wait on that,” Estes replied.
“If we cut this thing down too much...strip this budget too tight, we’re going to find ourselves borrowing money and paying $120,000 in interest!” Latham w'amed.
The $25,000 for reassessment start was retained —at least for the time being — while $80,000 carried over from the current budget for “front money” for the Sperryville sewer project was added to the surplus side of the ledger. “But we won’t project collecting what we’ve already advanced,” Estes noted.
With the budget reductions made at Monday’s meeting, Cox reported that a 1983-84 tax rate of 46 cents will produce a surplus of
87.6%