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Thursday, June 14, 2012
Higher Real Estate Taxes In Bristol Virginia Bristol Virginia City residents will pay higher real estate taxes now that the new fiscal spending plan was approved. The city’s real estate tax rate will increase 5 cents per 100-dollars of assessed value. The approved 83-million dollar budget is complete with a 3 percent raise for all city and school system employees. The school budget represents well over 24-million of the total plan and represents a modest increase in funding. Some were critical of not conducting workshops to allow council members to understand the budget specifics. They say this was the first year that a budget review process was not available. (bg)
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