Wednesday, November 14, 2007

Spotsylvania County Faces Budget Shortfall

Date published: 11/14/07
The Free Lance-Star Newspaper
by Dan Telvock


Spotsylvania supervisors face a sobering budget if assumptions revealed last night are true.

County staff told supervisors that they shouldn't expect any significant new revenue for the next budget that will be presented in February. But that doesn't mean the local economy is in a crisis situation.

Some supervisors became upset when staff provided an analysis that showed an estimated $9.4 million shortfall for the fiscal year 2009 budget. Such a deficit would require a 6.5-cent tax increase . The current tax rate is 62 cents per $100 of assessed value.

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