Today's Beacon brings us that annual rite, the ad on the Property Tax rate. Under 58.1-3321 of the Code of Virginia, the 89 cent rate rolled back to 86.66 cents. The City Manager's Budget would reinstate the 89 cent rate.
Okay, everyone knows there will be howls from the Virginia Beach Taxpayers Alliance (VBTA). You can bet the mortgage that they'll play it for all it's worth - and then some - in an election year. Their campaign last year was for a 78 cents. What will they demand this time?
As thin as the Budget is stretched, does anyone outside the VBTA expect an appreciable cut this year? Maybe a couple cents in an election year, but I'd be shocked to see anything under 87 cents. Given the services that are needed but not funded in the proposed Budget, there isn't room to go much lower.