Public hearing on proposed budget to take place
Published 10:17 am Friday, April 15, 2016
ISLE OF WIGHT
The Isle of Wight County Board of Supervisors will hold a public hearing on the Fiscal Year 2016-2017 Proposed Operating and Capital Budget and related ordinances on Thursday, April 21, during the regular scheduled meeting that begins at 6 p.m.
This meeting will be conducted in the Robert C. Claud, Sr. Board Room on the second floor of the Old County Administration Building located at 17130 Monument Circle, Isle of Wight.
Any citizen of the county has the right to attend and state his/her view on the Proposed Operating and Capital Budget.
Copies are available for public review in the County’s Administrator’s Office and the Proposed Operating and Capital Budget is also available on the County’s website at www.co.isle-of-wight.va.us/blog/proposed-fy2016-17-general-operating-and-capital-budget/.
The following is a brief synopsis of the Proposed Fiscal Year 2016-2017 Operating and Capital Budget:
• General Fund – $71,815,472
• Capital Projects Fund – $8,656,000
• Debt Service Fund – $7,088,573
• Grants Fund – $199,314
• Emergency 911 Fund – $1,587,096
• County Fair Fund – $399,337
• Social Services Fund – $3,234,646
• Comprehensive Services Act fund – $429,297
• Technology Services Fund – $1,017,279
• Risk Management Fund – $554,303
• Public Utility Fund – $9,923,376
• Stormwater Fund – $1,707,208
• School Operating Fund – $59,488,354
The Board of Supervisors will also receive public comment on the following ordinances and resoutions:
• An Ordinance approving the County Budget and Appropriating funds for expenditures contemplated during the fiscal year beginning July 1, 2016 and ending June 30, 2017, along with the associated Uniform Fee Schedule and regulating the payment of money out of the County Treasury.
• An Ordinance to Impose Tax Rates for Isle of Wight County for Fiscal Year July 1, 2016 through June 30, 2017 at the following rates:
• County Wide Real Estate Tax Rate: $0.88 per $100
• Machinery and Tools: $0.70 per $100
• Boats, Watercraft and Aircraft: $1 per $100
• Tangible Personal Property: $4.50 per $100
• Watercraft (Vessels and Ships 5 Tons or More): $0.32 per $100
• Utility Companies and Suppliers: 1/2 of 1 percent of gross receipts
• An Ordinance to Amend and Reenact Chapter 10, Licenses, Article II, License Tax Schedule, Division 4, Wholesalers, Section 10-24, Amount of Tax.
• Resolution to Approve the Position of Classification and Compensation Plan and Employee Health Insurance Plan Offerings for Fiscal Year 2016-2017.
• Resolution – Member Contributions by Salary Reduction for Counties, Cities, Towns and Other Political Subdivisions (In Accordance with the 2016 Appropriation Act Item 475 (1))
Any person desiring to be heard in favor, or in opposition to, regarding the Proposed Operating and Capital Budget or any of the above listed ordinances should plan to attend the meeting. Anyone who requires an auxiliary aid or service for effective communication, or a modification of policies or procedure to participate in the public hearing should contact the Clerk of the Board of Supervisors at 365-6204.