The city’s proposed $2.9 billion spending plan wants to keep up with the rising cost of government services while investing in the municipal workforce, infrastructure needs and providing some relief through personal property taxes.
That last point may be a source of discussion as the first of two public hearings is held Wednesday at the Virginia Beach Convention Center.
Amid rising assessments, which are projected to go up by 6% on average, the proposal includes tax relief through a credit of up to $80 on personal property taxes rather than by lowering the real estate tax rate…