PROPOSED BUDGET CITY OF GLADE SPRING VA | Legal announcements

NOTICE OF PUBLIC HEARING, CITY OF GLADE SPRING, VIRGINIA, PROPOSED BUDGET FOR THE FISCAL YEAR JULY 1, 2022 TO JUNE 30, 2023 PLEASE TAKE NOTICE that the Mayor and City Council of the City of Glade Spring, Virginia will hold a hearing public hearing at 6:00 pm on Monday, June 20, 2022 at Glade Spring City Hall, 113 East Glade Street, Glade Spring, Virginia 24340. The public hearing is being held pursuant to Virginia Code Section 15.2-2506 , 1950, as amended, and is intended to allow the public to comment on the proposed budget. All citizens have the right to attend the public hearing and to give their opinion on the draft budget within reasonable deadlines which will be set by the municipal council. Tax rates will remain at twenty-three cents ($0.23) per one hundred dollars ($100.00) property assessment of all taxable real estate. The City Council will no longer offer land use property tax reductions on City of Glade properties that are deemed eligible for land use by the Washington County Commissioner of Revenue. In addition, the tax rates shall be twenty cents ($0.20) per one hundred dollars ($100.00) assessment of all mobile homes, utilities, machinery and tools at one hundred percent ( 100%) of the fair market, and thirty-five cents ($0.35) per one hundred dollars ($100.00) property assessment of the fair market value of personal property. Property classified separately by Sections 58.1-3503 of the Code of Virginia, the Personal Property Tax Relief Act (PPTRA), as authorized by Section 58.1-3523 of the Code of Virginia, shall be in the amount of thirty-seven and zero hundredths per hundred (37%). All other taxes remain unchanged. The draft budget is available at the town hall for consultation. General fund revenue: Property and other local taxes $594,458, Permits, fees, licenses, penalties $87,150, Commonwealth and local collections revenue $86,897.00, Grants and special projects $601,500, ARPA 1,390 $248, General Fund Reserve/Other $65,719.00 TOTAL REVENUE $2,825,972. General fund expenditures: administration/council/finance/police $564,186, fire department $25,000, maintenance/buildings and grounds $276,538, housing subsidy and special projects $570,000, ARPA $1,390,248 TOTAL $2,825,972.00.