March 6, 2006
After months of work, the Charlottesville City Council was presented with the 2007 Proposed Operating Budget. This is the first step in a month long process that will end with a vote on April 11.
The total Charlottesville City budget is approximately $121 million, an 8 percent increase from last year, which is about $9.4 million more.
Everyone knows that real estate assessments in the city have risen 18 percent just this year. To combat that rise, the City is proposing a property tax cut of two cents across the board $1.05 to 1.03 every $100 paid.
To save money, the city is eliminating 8 full time positions including several that are already vacant. This will account for a savings of over $230,000. It is also eliminating large item trash service and reducing the police budget, each worth about $100,000. Finally, after rebidding the city's life insurance carrier, it will save about $85,000.
Some of the spending highlights include a fully funded school budget worth about $34 million, a homeowners tax credit worth about $420,000 and a 4 percent increase in pay for City employees.
The budget will go through several review processes. The public will be given the chance to comment at an open session on March 18 from 10 a.m. to 12 p.m. at Buford Middle School. The final vote is scheduled for April 11.