No Tax Or Fee Increases In Proposed Dillwyn Budget

Published 11:28 am Tuesday, June 23, 2015

DILLWYN — There are no tax or fee increases in the Town of Dillwyn’s proposed budget for the upcoming fiscal year.

The budget keeps the real estate tax at 4.65 cents, the personal property and machinery and tools tax at 28 cents and the public service corporation tax at 4.65 cents, according to Town Clerk and Treasurer Peggy N. Johnson. The tax rates are levied per $100 of assessed value.

Email newsletter signup

Public hearings are scheduled for Tuesday, July 14 and Tuesday, August 11 at 7:15 p.m. to gather input from the public. The council could adopt the budget in August.

The proposed budget, which includes the ongoing VDOT Transportation Enhancement Project, totals $1.91 million and is $155,067 more than the current fiscal year’s budget. The proposed budget, excluding the project, totals $124,057, representing an increase of $18,111.

The Town’s revenue streams will remain mostly the same, excluding a $16,000 jump in the budget’s miscellaneous line item, which is set aside for the town’s comprehensive plan review, according to Johnson.

The budget also proposes to withdraw $18,000 from certificate of deposits.

The largest new expenditure is $18,000 to update the Town’s comprehensive plan using assistance from the Farmville-based Commonwealth Regional Council.

Last year, town council increased the real estate tax rate by .0065 cents to conform to the updated property assessments. According to Johnson, the increased rate has brought in between $117 and $121 in new money.

Johnson said that the transportation enhancement project’s phase four extended and five — totaling about $1.8 million — will encompass improvements at the corner of Goldmine and Main streets and both sides of the street from the intersection of Oak and Main to the intersection of Rosney and Oak.

The improvements, says Johnson, will include new lighting, benches, sidewalks, crosswalks and trees. Some business entrances will be changed, she said. The project is set to go to bid this fall.

The town’s fiscal year begins Sept. 1.