Block · one region of the page, as the scanner read it. It may hold a whole story, part of one, several, or an advertisement; stitching blocks into articles is the next step. Text is supplied OCR.
Page 3 · column 4 of 6 · from the scan, no model involved
By Monty Tayloe Rappahannock News Staff Writer
The Rappahannock County Board of Supervisors will hold a second public hearing on the proposed 2007 county budget on June 26. At the first public budget hearing on June 5, most of the public attention was focused on the proposed Conservation Easement Dis-trict, which would add $.02 to the county real estate tax rate in order to fund the purchase of development rights from county landowners. A petition against the Conservation Easement District has even begun circulating around the county. However, the two-cent tax rate hike that would be created by the district is projected to generate only $300,000, a fraction of the $2 million budget increase included in the proposed budget. The rest of that extra $2 million will hit land owners in adjustments to Rappahannock’s real estate tax rate, which in the proposed budget is projected at $.62 per $100of real estate value. Thanks to the increase in property values due to the recent reassessment, it would take only a tax rate of $.50 to raise the same amount of money as last year, called the “True Effective Rate.” Factoring in the famous $.02 of the proposed Conservation Easement District still leaves a 10 percent rate hike. Where will that money go?
Four and one-half cents of the rate hike are to fund the 2007 school budget of $11,732,992, which was approved by the Supervisors on May 1 after a public hearing in April. At the time, the Super
94.0%