Virginia Beach

Virginia Beach City Council approves $2.3B budget with lower tax rate – Virginia Beach, Virginia

Virginia Beach, Virginia 2021-05-12 02:02:51 –

Virginia Beach, Virginia (WAVY) —Virginia Beach real estate owners are taxed at a rate more than two cents lower than the previous year under the city’s 2021-22 spending plan.

In a unanimous vote on Tuesday night, Virginia Beach City Council approved a $ 2.3 billion budget and reduced the real estate tax rate from $ 1.0575 for every $ 100 valuation proposed by the mayor to 99 cents for every $ 100. Currently, the price is $ 1.0175.

Tax cuts cost $ 9 million in income, depending on the city and school system.

“It was a huge compromise, and all stakeholders in the community got some kind of dividend from the process,” said Councilor Jon Moss on his post-voting Facebook page.

Last week Moss threatened to vote against the budget because taxpayers didn’t feel they were getting enough from the budget.

The budget provides all sworn and unified police, fire, EMS, and sheriff office employees with an 8.5% increase over the current budget.

To better regulate short-term leasing, an annual fee of $ 200 per operator will be levied from 1 July, and the city will focus on ensuring compliance with city rules. To hire.

Teachers also receive a 5% salary increase and all other city officials receive a 4.5% salary increase.



Virginia Beach City Council approves $2.3B budget with lower tax rate Source link Virginia Beach City Council approves $2.3B budget with lower tax rate

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