Update 2: The Times-Dispatch is reporting the City’s real estate tax adjustment would b 1 cent decrease – the first such decrease since 2007.
Update 2: The Times-Dispatch is reporting the City’s real estate tax adjustment would b 1 cent decrease – the first such decrease since 2007.
The specifics of the decrease add up to $1.19 per $100 assessed value, replacing the current $1.20 charge.
This decrease in taxes comes from “new projections on revenues that will be generated from real estate assessment growth, along with growth expected from the extraordinary amount of new construction in our city,” Jones said in todays press conference.
Update 1: The city has released a new statement clarifying the tax adjustment would be a “roll back in city real estate tax,” no word yet on what this means for RVA public schools.
Mayor Jones has called a press conference today to discuss future funding for Richmond public schools, and the term “tax rate adjustment” was used in the events announcement.
The event has few other details, and we’ll provide them once they become available, but if Jones suggested land owners in Richmond were to pay more taxes for money to go toward public schools, would you support the change?
After news of a new sign at the top of Carytown came out over the weekend, and plans for the city to spend $250,000 on said sign hit the internet, some asked what the hell the city was thinking. With RPS in shambles in many areas, and Carytown itself struggling, how the city spends it’s money is as hot a topic as ever.
We’ll update this story as information comes in, but let us know your thought in the comments below.
