Revenue sharing agreement: Difference between revisions
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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. | 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. | ||
The deal is capped at 10 cents of the County's real estate tax rate. | 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. | 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. | ||
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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> | 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]] | |||
Revision as of 11:44, 7 April 2008
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.
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.”[1]
There were 9 separate annexations of County land by the City between 1818 and 1968[2]
City officials say they would have earned $19.4 million on the land they wanted to annex back in 1982.[3]