UPDATE: Three Loudoun supervisors considering raising taxes to fund education
Following Monday's budget meeting between the Board of Supervisors and School Board, Supervisor Ken Reid (R-Leesburg) said he too is inclined to support a tax rate that will raise the average homeowner's tax bill.
Reid, in a Facebook post around 9:40 p.m., stated: "The Board of Supervisors had a very good discussion with the Loudoun School Board and Superintendent Eric Williams tonight. Chairman York announced he will support a $1.15 tax rate, and I am inclined to support that, too. Given the fact LCPS has about a $6 million fund balance (surplus), it means the superintendent's budget can be fully funded -- assuming we get five votes for that."
Original story, 8:49 p.m.:
Two outgoing members of Loudoun’s Board of Supervisors, Chairman Scott York (R-At Large) and Supervisor Janet Clarke (R-Blue Ridge), indicated Monday a willingness to raise taxes on some homeowners to provide more funding for Loudoun County Public Schools.
Both York and Clarke, who are not seeking re-election in 2015, said during a budget meeting with the School Board they are leaning toward adopting a budget with a tax rate of roughly $1.15 per $100 in assessed value.
The current fiscal year’s tax rate is $1.155. Because of rising assessments, a rate of either $1.155 or $1.15 would mean a steeper tax bill for most of the county's property owners.
The supervisors’ comments mark a possible shift for Loudoun’s all-Republican board, which has annually lowered the tax rate during budget deliberations. The tax reductions have come despite overwhelming pleas from residents calling for more education funding.
The estimated fiscal 2016 equalized rate -- that which holds the average homeowner’s tax bill steady -- is $1.13. At that equalized rate, the shortfall between the LCPS adopted budget and the county’s allocation is approximately $24 million for the coming year.
According to the county’s public information office, LCPS’ shortfall would be roughly $8.4 million at the $1.15 rate, assuming all the additional funds beyond $1.13 would go toward the school system.
Loudoun's School Board in January adopted a $981 million budget for fiscal 2016, but the school system relies on a local funding allocation from supervisors to maintain its spending plan.
Supervisors will make a final decision on fiscal 2016's budget either later this month or in early April.
This is a developing story.
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