CHARLOTTESVILLE, Va. (WVIR) – Charlottesville City Council is poised to approve a one-cent real estate tax rate increase later this week, after deciding to reduce the originally proposed two-cent hike.
While Sam Sanders originally suggested that two cents – bringing the rate up to $1.00 per $100 of assessed value – was necessary to balance the roughly $279 million budget, Mayor Juandiego Wade tells 29News that months of emails, public comment, and Council work sessions drove them to cut that amount in half.
“We heard from them, and they said that this was going to be a burden on them,” Wade said. “Yet, we still had needs that we had to address…We feel like this will allow us to reach our goals, but still understanding that we need to do better.”…