Revenue sharing agreement: Difference between revisions

Latest revision as of 20:32, 5 May 2009

Redirect to:

Revenue Sharing Agreement

@@ Line 1: / Line 1: @@
-The pact was signed when the County Board of Supervisors was chaired by [[Gerald Fisher]]. Under the terms, Charlottesville stopped pursuing annexation in exchange for the County agreeing to pay a portion of its real estate tax revenue. Nearly two-thirds of County voters agreed at a special election to the deal, which stopped the City's attempts to take over commercial property along U.S. 29.
+#redirect [[Revenue Sharing Agreement]]
-The deal is capped at 10 cents of the County's real estate tax rate. Currently the tax rate is 68 cents per $100 assessed value, but Supervisors could vote on April 7
-In Fiscal Year 2009, the City will be paid $13.6 million. Next year that will rise to $17 million because the formula is calculated on assessments that are two years old.
-The first payment was $1.3 million.
-Recently, Supervisors [[Ken Boyd]] (Rivanna) and [[Lindsey Dorrier]] expressed their desire to revisit the issue.  Dorrier told the Daily Progress: “The county is having rough economic times and the city has a surplus,” said Dorrier, a lifelong area resident. “This is the exact reversal of what it was [in 1982] and I think county citizens can expect supervisors to do something about it. It’s probably irresponsible to just keep increasing the amount we spend … and assume everything is OK.”<ref>Daily Progress article</ref>
-There were 9 separate annexations of County land by the City between 1818 and 1968<ref>Daily progress article</ref>
-City officials say they would have earned $19.4 million on the land they wanted to annex back in 1982.<ref>Daily Progress article</ref>
-==notes==
-<references/>
-[[Category: City-County boundary issues]]

Revenue sharing agreement: Difference between revisions

Latest revision as of 20:32, 5 May 2009

Navigation menu

Search