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By DAPHNE HUTCHINSON
Rappahannock News Staff Writer
“It’s not the best but it’s better than we might have expected,” commented Supervisor Charles Estes, as the Board of Supervisors on Monday adopted an amended $4.7 million budget for 1986-87 and set tax rate at 58 cents per $100 of assessed value for real estate and $2.10 per $100 for personal property.
The rate on personal property — applied only on licensed motor vehicles — will be as levied on 100 percent of finance value; last year’s rate of $5.60 was applied to just 25 percent of finance value. The change is expected to generate an additional $90,000 for Rappahannock’s general fund. This coupled with $151,899 drawn from surplus allows the board to keep the real estate rate as last year’s level without drastically reducing appropriation requests.
The new budget projects a $300,000 general fund balance at the
87.7%