Tax rate hike hearing draws just one speaker

A public hearing on a proposed 7 cent increase per $100 of real estate valuation drew just one county resident to speak and it was in support for the $1.7 million budget hike to pay for additional school resource officers, road deputies and patrol cars for the Sheriff’s departments along with additional emergency medical services (EMS) staff and equipment.

The lone speaker was Jeremy Yuvanavaettna of Little River District, who noted that he, his wife and the six kids in their house must live with in what is often a tight budget but he overwhelmingly supports the tax increase.

My full story will be in Thursday’s edition of The Floyd Press and an abridged version appears on the paper’s web site.

The increase, if fully implemented by the supervisors next week, will affect tax payments for the half-year bills due for payment in June and covers the budget for the fiscal year that beings on July 1 of this year.

The new tax rate would be 62 cents per $100 of assessed valuation of real estate in Floyd County.  Even with the hike, property taxes in Floyd County is lower than most other jurisdictions in Virginia.

A developing story that will continue for the next few months

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