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City Council on Tuesday night voted to adopt a budget that includes additional crime reduction initiatives, invests more money in public schools and continues projects designed to grow Danville.
In addition to costs associated with the City Council focus areas, the proposed budget maintains municipal services remain at current levels and sets aside funds for employee raises and increases in employee health insurance, employee retirement contributions and medical supplies for inmates at the City Jail.
The budget will serve as a framework for city operations for the next fiscal year, which begins July 1 and continues through June 30, 2018.
The budget includes increases in the real estate tax rate, personal property tax rate and lodging tax as follows:
The increase in the real estate tax rate is the first since fiscal year 2003. The current tax rate of 73 cents is second only to Williamsburg for cities and 33 cents lower than the state average. Under the new 80-cent rate, a homeowner with a house valued at $75,000 will pay an additional $52.50 per year or $4.38 per month
In addition to adopting the budget Tuesday night, City Council voted to:
River City TV airs live all Council business sessions. The first rebroadcast will be at 8 p.m. Thursday. Watch it on cable (Comcast channel 10 and Gamewood channel 122). The taped broadcast is available now on River City TV’s Facebook page.