Loading...
04-09-2018 BOS Public Hearing - FY2018-19 Budget Packet.docPage 1 of 5 PITTSYLVANIA COUNTY BOARD OF SUPERVISORS SPECIAL CALLED MEETING MONDAY, APRIL 9, 2018 7:00 P.M. PITTSYLVANIA COUNTY EDUCATIONAL AND CULTURAL CENTER AUDITORIUM 39 BANK STREET, CHATHAM, VIRGINIA 24531 AGENDA 1. CALL TO ORDER (7:00 p.m.) 2. ROLL CALL 3. APPROVAL OF AGENDA 4. PUBLIC HEARINGS A) PROPOSED REAL PROPERTY TAX INCREASE B) PROPOSED PERSONAL PROPERTY TAX INCREASE C) FY2019 PROPOSED PITTYSLVANIA COUNTY SCHOOL BUDGET D) FY2018/19 PROPOSED PITTYSLVANIA COUNTY BUDGET 5. ADJOURNMENT Page 2 of 5 PROPOSED REAL PROPERTY TAX INCREASE PUBLIC HEARING A Public Hearing is held tonight to hear citizen input on a proposed real estate tax increase; details of said proposed real estate tax increase are as follows: 1. Assessment Increase: Total assessed value of real property, excluding additional assessments due to new construction or improvements to property, exceeds last year’s total assessed value of real property by 6.68 %. 2. Lowered Rate Necessary to Offset Increased Assessment: The tax rate which would levy the same amount of real estate tax as last year, when multiplied by the new total assessed value of real estate with the exclusions mentioned above, would be $.55 per $100 of assessed value. This rate will be known as the “lowered tax rate.” 3. Effective Rate Increase: The Pittsylvania County Board of Supervisors proposes to adopt a tax rate of $.70 per $100 of assessed value. The difference between the lowered tax rate and the proposed rate would be $.15 per $100, or 27%. This difference will be known as the “effective tax rate increase.” However, individual property taxes may increase at a percentage greater than or less than the above percentage. 4. Proposed Total General Fund Budget Increase: Based on the proposed real property tax rate and changes in other revenues, the total General Fund Budget of Pittsylvania County, Virginia, will exceed last year’s General Fund Budget by 7%. Page 3 of 5 PROPOSED PERSONAL PROPERTY TAX INCREASE PUBLIC HEARING A Public Hearing is held tonight to hear citizen input on potentially changing the County’s current personal property rate from $8.75 of assessed value, 30% of fair market value, to $12.00 of assessed value, 30% of fair market value. In addition to this change, the Board of Supervisors will also consider potentially changing the Vehicle License Fee from $38.75 per vehicle to $40.75 per vehicle. Page 4 of 5 FY2019 PROPOSED PITTYSLVANIA COUNTY SCHOOL BUDGET PUBLIC HEARING The Pittsylvania County Board of Supervisors is holding a Public Hearing tonight to hear citizen input on the proposed School Budget for fiscal year 2019. The School Budget is part of the overall County Budget, which proposes a 15¢ tax increase, making an effective real estate tax rate of 70¢ per $100 of assessed value. Below is a brief synopsis of the School Budget, which shall be for informative and fiscal planning purposes only: SCHOOL BOARD Adopted Proposed Budget Budget 2017-2018 2018-2019 REVENUES From Sales Tax 10,070,955 10,027,437 From State Funds 51,828,892 50,664,677 From Federal Funds 7,866,361 8,537,507 From Local Funds 17,236,709 18,336,709 Cafeteria Receipts 5,255,000 5,362,025 From Other Funds 1,445,024 1,985,683 Total $ 93,702,941 $94,914,038 EXPENDITURES Instruction 64,241,523 64,772,199 Admn./Attend & Health Svcs 3,370,527 3,735,358 Pupil Transportation 6,634,246 6,676,716 Operation & Maintenance 7,964,335 8,023,163 Non-Instructional Operations 3,412,865 3,476,047 Technology 2,824,445 2,868,530 Cafeteria 5,255,000 5,362,025 Total $ 93,702,941 $94,914,038 Page 5 of 5 FY2018/19 PROPOSED PITTYSLVANIA COUNTY BUDGET PUBLIC HEARING The Pittsylvania County Board of Supervisors is holding a Public Hearing tonight to hear citizen input on the proposed 2018-2019 County Budget. Said Budget will not be considered for adoption until seven (7) days after tonight’s Public Hearing. Below is a brief synopsis of the Budget, which shall be for informative and fiscal planning purposes only. Said Budget proposes a tax increase of 15¢, making the effective real estate tax rate of 70¢ per $100 of assessed value. GOVERNMENT 2017-2018 2018-2019 EXPENDITURES ADOPTED PROPOSED General Gov’t Expense 4,452,452 4,204,062 Judicial Admin. Expense 1,672,305 1,710,216 Public Safety 16,481,558 16,649,749 Health Dept./Social Services 12,292,658 13,726,345 Public Works 3,051,515 3,191,033 Education Expense 93,712,715 94,924,358 Parks, Rec. & Cultural 1,715,704 2,083,471 Grants 6,755,441 5,816,366 Community Dev. Expense 8,112,899 8,739,529 Capital Projects 604,963 3,433,077 Debt Service 10,767,972 10,605,577 Transfers 18,845,836 22,400,301 Misc/Non-Departmental 1,116,025 323,782 TOTAL $ 179,582,043 $ 187,807,866 2017-2018 2018-2019 REVENUES ADOPTED PROPOSED Local Funds 48,060,384 55,669,209 State Funds 88,739,378 87,677,490 Federal Funds 18,753,335 18,941,297 CIP Carryover 1,939,474 2,202,944 Carryover 236,483 291,625 Fund Balance 3,007,153 625,000 Transfers 18,845,836 22,400,301 TOTAL $ 179,582,043 $ 187,807,866