There are many steps a locality has to take in order to adopt a budget each year and Charlottesville City Council has many to go until adoption. On March 16, the elected officials held the first of two public hearings on proposed tax rates on which the budget for fiscal year 2027 has been built.
“We will be having our official noticed public hearing on April 6, but tonight serves as an additional opportunity for the public to speak to you since there is an increased tax rate proposed in the proposed budget,” said Krisy Hammill, the city’s budget director.
That increase is an additional two cents on the real property tax rate for a total of $1.00 per $100 of assessed value. The increase fills a $2.5 million gap and results in a balanced budget…