Proposed Purcellville property tax rates remain flat
Lohr Jr.'s proposed operating budget, which includes the general fund, special parks and recreation fund and the utility funds, will total around $17.5 million.
The capital improvement program is reduced to $800,000 as the Town of Purcellville has just two projects in the general fund planned for the year.
Still, while spending has gone down in Purcellville, the property tax rate remains the same. For every $100 in personal property tax owned, residents will continue to pay .225. Those in the special Fireman's Field tax district will pay .035 per $100 in real property to help support the new Special Parks and Recreation Fund.
The property value for fiscal 2014 was assessed at more than $1.06 billion, a number that's likely to grow, projected 2 percent annually through 2018.
“The proposed fiscal plan adheres to the Town Council’s guidance, maintains critical services for Town residents by maintaining essential public safety, infrastructure, recreation and utility services,” a Town of Purcellville press release says of the new budget.
With decreases in the general fund, the water and waste water funds, just the parks and recreation fund sees an increase in spending in the proposed fiscal 2015 budget. Additionally, projections indicate an increase in revenues in the general fund. In total, Lohr's presented budget would reduce the grand operating budget by nearly $300,000 from the current budget.
While Lohr's proposed budget addresses problems of unfunded mandates, he does note that for the first time in decades, the town will see new funding, thanks in part to last year's monumental transportation bill passed by the General Assembly.
Lohr noted, however, that the town quickly is reaching the ultimate build-out of existing corporate limits, though the town may be able to increase boundaries.
"Town will probably cap-out at a residential population of 8,000 to 10,000 serving a greater commercial and business area of over 60,000 residents," the budget reads. "This means that there are financial limitations to projects and programs that we can feasibly offer and make it sustainable in the future."
Work sessions and public hearings on the proposed budget are scheduled to take place over the next couple months, with Town Council expected to vote on the budget in May or June.
Post a commentCommenting is not available in this channel entry.
Comments express only the views of the author and do not necessarily reflect the views of this website or any associated person or entity. Any user who believes a message is objectionable can contact us at [email protected].
- Commentary: In Loudoun, a mismatch between need and affluence
- State employees to get pay raises in new budget
- Groups laud Virginia, Sen. Black for outlawing female circumcision
- MORE: 10th District town hall goes on without Rep. Comstock
- Leesburg attorney challenging waitress’ claim of racist message on receipt
|The Loudoun Times-Mirror
is an interactive, digital replica
of the printed newspaper.Click here for all e-editions.