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BY GERALD OCHS
Rappahannock News Special Writer
In a brief session last Thursday night the school board received and reviewed the final schools budget for Fiscal Year 2000-2001 and, by a unanimous vote on a motion by Franklin Warner, subsequently approved it. The school board’s budget, to be passed on to the Board of Supervisors for their review, totals $8,397,488.07, an amount representing an increase of 7.7 percent over last year’s budget.
The county contribution for 2000-2001 would be $5,164,008.91—more than half a million dollars greater than last year should the Board of Supervisors approve the budget as presented. This would require a property tax increase of approximately six to seven cents per thousand dollars of assessed valuation, given the new revaluation of the penny rate to $62,000 or so. For a taxpayer with property assessed at $300,000, that would mean an increase in the tax bill of approximately $20.
The final budget reflected a net reduction of nearly $55,000 from that discussed at the March 28 meeting, but the bulk of the reduc
97.3%