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"You can project a decrease in the tax rate (from the 48 cent levy on real estate advertised with the promised 1983-84 budget). The only question is, by how many pennies,” accountant Waliv Cox told the Rappahannock supervisors on Monday.
The bearer of good news to the board’s public budget hearing reported that, “by rumor,” federal revenue sharing will not only continue into the coming year but will also increase. Pressed for details, Cox added that Congress has approved a 15 percent increase in revenue sharing payments to localities; however, the measure has not yet been okayed by the president.
Clerk Diane Bruce confirmed that she had received the same information from Congressman J. Kenneth Robinson’s office.
If the projected 15 percent hike in revenue sharing becomes an actuality, it will translate into a two cent reduction in Rappahannock’s tax rate, according to Cox.
“The balance of funds turned around in April. It’s looking better,” the accountant continued. “The deficit is not going to be nearly as great as we had projected so there’s two cents more (in tax rate reduction) there.”
The low bid for the jail renovation came in at $122,475, $42,025 less than ifke $164,500 estimate included in the proposed budget. With reimbursement
85.5%