Supervisor Davis Lamb (Ruckersville) expressed concern about drawing down the Reserve Fund to zero and needed to stay away from going back to borrowing money in order to shell out ongoing obligations.
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The proposal would be to possess the information board to Exhibit information about the various organizations in the development and have them change each individual 10 seconds.
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He all the more defined that expanding the tax fee to equalize tax revenue would convey about some property taxes to boost and lots of to attenuate and he didn’t believe that was honest.
If a lot more funds are expected then the BOS will require to determine if added tax revenue is necessary to fund all tasks. He also mentioned that Albemarle County has acted to promote an increase in their tax charge to equalize tax profits due to the fact their property values have declined, just like what Greene County is struggling with.
In case the property tax fee just isn't equalized then there will be much less tax income coming into your county that may end in fewer resources flowing towards the Reserve Fund.
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A choice must be manufactured whether to maintain recent amounts of operating expenses by tapping in the reserve cash or use Those people funds for capital jobs. There won't be plenty of income to complete both of those.
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Usually the agenda features a rezoning ask for or possibly a presentation by an agency. The key reason why the finances of an outside company drew a great deal consideration is the significant effects to Greene County’s FY16 funds.