Conservative Influence May Lead to Albemarle Tax Cut

cvilletomorrowA conservative movement was afoot on Albemarle's Board of Supervisors last week, as evidenced by a three-part action plan introduced by one of its members.  The resolution calls for a reduced real estate tax rate, a more comprehensive and transparent budgeting progress, and a greater focus on recruiting new businesses to the County.

Economic development efforts are key to a locality's fiscal stability.  Because businesses also pay taxes, that creates a good balance of commercial versus residential revenue.  Overall, this is good for residents, especially homeowners, because the County relies less on the residential sector to fund its services.

There remains some contention about the budgeting process, so it is yet to be determined how that aspect will be handled.

 

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Posted on Monday, January 11, 2010 - 1:37pm