4.2 cent increase 0.7 cent 1.7 cents 1.8 cents
80.8 cents Tax Rate Increase Currently Allocated in Proposed Budget
April 10, 2014 Albemarle County Tax Rate Scenarios Source: Albemarle County
4.2 cent increase 0.7 cent
$1,093,594
1.7 cents
$2,655,871 – shared by formula 1,431,346 – schools 954,230 – gen government 270,295 – capital
1.8 cents
$2,812,099
dedicated to water resource mandates
dedicated to School Division
At this rate, School Division Gap from Funding Request = $2.5 Mil Total School Division Transfer = $111,213,175
A 80.0 cents Tax Rate - Allocation of Increase 3.4 cent increase 0.7 cent
$1,093,594
1.7 cents
$2,655,870 – shared by formula 1,431,345 – schools 954,230 – gen government 270,295 – capital
1.0 cent
$1,562,277
dedicated to water resource mandates
dedicated to schools
At this rate, the School Division Gap from Funding Request - $3.7 million Total School Division Transfer- $109,963,354
A 79.3 cents Tax Rate - Allocation of Increase 2.7 cent increase 0.7 cent
$1,093,594
1.7 cents
$2,655,870 – shared by formula 1,431,345 – schools 954,230 – gen government 270,295 – capital
0.3 cent
$468,683
dedicated to water resource mandates
dedicated to schools
At this rate, the School Division Gap from Funding Request is $4.8 million Total School Division Transfer- $108,869,760
A 78.8 cents Tax Rate - Allocation of Increase 2.2 cent increase 0.7 cent
$1,093,594
1.5 cents
$2,343,416 – shared by formula 1,262,952 – schools 841,968 – gen government 238,496 – capital
dedicated to water resource mandates
At this rate, the School Division gap from funding request is $5.4 million Total School Division Transfer- $108,232,683 NOTE: This rate would not fund all the general government items added during the March budget work sessions which are currently included in Proposed Budget.
A 78.3 cents Tax Rate - Allocation of Increase 1.7 cent increase 0.7 cent
$1,093,594
1.0 cents
$1,562,277 – shared by formula 841,968 – schools 561,312 – gen government 158,997 – capital
dedicated to water resource mandates
At this rate, the School Division gap from funding request is $5.8 million Total School Division Transfer- $107,811,699 NOTE: This rate is the one in the initial Recommended Budget. It would not fund the general government items that were added during budget work sessions as included in Proposed Budget.
April 10, 2014 Albemarle County Tax Rate Scenarios Source: Albemarle County
4.2 cent increase 0.7 cent
$1,093,594
1.7 cents
$2,655,871 – shared by formula 1,431,346 – schools 954,230 – gen government 270,295 – capital
1.8 cents
$2,812,099
dedicated to water resource mandates
dedicated to School Division
At this rate, School Division Gap from Funding Request = $2.5 Mil Total School Division Transfer = $111,213,175
A 80.0 cents Tax Rate - Allocation of Increase 3.4 cent increase 0.7 cent
$1,093,594
1.7 cents
$2,655,870 – shared by formula 1,431,345 – schools 954,230 – gen government 270,295 – capital
1.0 cent
$1,562,277
dedicated to water resource mandates
dedicated to schools
At this rate, the School Division Gap from Funding Request - $3.7 million Total School Division Transfer- $109,963,354
A 79.3 cents Tax Rate - Allocation of Increase 2.7 cent increase 0.7 cent
$1,093,594
1.7 cents
$2,655,870 – shared by formula 1,431,345 – schools 954,230 – gen government 270,295 – capital
0.3 cent
$468,683
dedicated to water resource mandates
dedicated to schools
At this rate, the School Division Gap from Funding Request is $4.8 million Total School Division Transfer- $108,869,760
A 78.8 cents Tax Rate - Allocation of Increase 2.2 cent increase 0.7 cent
$1,093,594
1.5 cents
$2,343,416 – shared by formula 1,262,952 – schools 841,968 – gen government 238,496 – capital
dedicated to water resource mandates
At this rate, the School Division gap from funding request is $5.4 million Total School Division Transfer- $108,232,683 NOTE: This rate would not fund all the general government items added during the March budget work sessions which are currently included in Proposed Budget.
A 78.3 cents Tax Rate - Allocation of Increase 1.7 cent increase 0.7 cent
$1,093,594
1.0 cents
$1,562,277 – shared by formula 841,968 – schools 561,312 – gen government 158,997 – capital
dedicated to water resource mandates
At this rate, the School Division gap from funding request is $5.8 million Total School Division Transfer- $107,811,699 NOTE: This rate is the one in the initial Recommended Budget. It would not fund the general government items that were added during budget work sessions as included in Proposed Budget.
