The Board of Supervisors voted to approve the fiscal year 2011 county spending plan yesterday morning, raising the residential real estate tax rate by 5.5 cents, to $1.30 per hundred of assessed value, and cutting $73 million of expeditures. They trimmed $25.4 million from the school system’s budget, leaving the school board to figure out where to make cuts. (The school board will hold public hearings on Thursday April 8 and Monday April 12th at 6:30 before reconciling the budget.) Remaining in the budget are funds for two recreational parks, Philip A. Bolen Memorial Park in Leesburg, and phase 1 of Scott Jenkins Park in Hamilton.
I’m sure you want the full details of what was included, and what was left out. To read our local papers’ full coverage of the new budget and how it will affect you:
Cheers,
Heather
photo credit: mchlmbrk
Tags: Board of Supervisors, Budget, Loudoun, school board, tax rate
[...] This post was mentioned on Twitter by Heather Elias and LoCoMusings, Joe Homeowner. Joe Homeowner said: LoCo Budget Finalized For 2011…: The Board of Supervisors voted to approve the fiscal year 2011 county spending p… http://bit.ly/bexZ67 [...]