County Administrator Tim Hemstreet told the Loudoun Board of Supervisors that the real estate tax rate in the county could be pushed lower than advertised without reducing revenue thanks to $15 million to $20 million in previously unanticipated assessment increases.
Hemstreet presented his proposed FY 2014 budget to the board Wednesday, adding that supervisors could keep the rate at the advertised $1.23 per $100 of assessed value and fund additional county goals, or lower the rate 2-3 cents. The fiscal plan totals about $1.8 billion in appropriations for the general county government and school system. When initially advertised, $1.23 was the equalized rate, meaning the average tax bill would remain the same; now a lower rate would result in an equalized bill.
The proposal calls for a 3 percent performance-based salary increase for county employees.
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Hemstreet’s presentation as well as FY 2013 budget information can be found on the county’s website at www.loudoun.gov/budget.
Public hearings have been set to obtain input from residents and business owners.
- 3 p.m. and 6 p.m. Wednesday, Feb. 27, at the Loudoun County Government Center, 1 Harrison Street SE, in Leesburg.
- 6 p.m. Thursday, Feb. 28, if needed, at the Loudoun County Government Center, 1 Harrison Street SE, in Leesburg.
- 9 a.m. Saturday, March 2, at the Loudoun County Public Schools Administration Building, 21000 Education Court, in Ashburn.
Anyone wishing to speak can sign up in advance for one speaking slot, beginning Thursday, Feb. 7, by calling 703-777-0200. Comments may also be submitted to supervisors via email at email@example.com; via the Citizen Comment Line, 703-777-0115; or by writing to the board at PO Box 7000, Leesburg, VA 20177.