School E-mail April 4, 1996

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Subj: school budget
Date: 96-04-04 12:30:25 EST
From: James.C.Klagge@bev.net (James C. Klagge)
To: school issues@vt.edu

What follows is a more precise account of what happened last night:

School Board Operating Budget Total
School Board Proposal $53,353,282
Advertised Budget by
Board of Supervisors $50,328,682
Final Budget by
Board of Supervisors $49,648,895
Total Reduction $ 3,704,387
School Board Operating Budget Increase
1995-96 1996-97 Increase
Sales Tax, State Revenues $25,502,204 $27,635,525 $2,133,321
Federal & Others $ 969,200 $ 1,006,500 $ 37,300
State Recordation Tax $ 224,083 $ 250,003 $ 25,920
County Revenue $20,686,698 $20,756,867 $ 70,169
Total $47,382,185 $49,648,895 $ 2,266,710
Increase Percentage
$ Increase % Increase
Sales Tax, State Revenues $ 2,133,321 8.36%
Federal & Others $ 37,300 3.84%
State Recordation Tax $ 25,950 11.57%
County Revenue $ 70,169 .34%
Total $ 2,266,710 4.78%

General Property Taxes are projected to provide about $1.3 million in additional revenues to the County in 1996-97. Other taxes, fees and fines should provide another $200,000. Of this additional tax revenue of $1.5 million, $70,000, or 4.67% is being allocated to schools. This leaving $1.43 million for other issues.

The tax rate passed is a 1 cent increase versus the 6 cent increase which was advertised. The Board passed a no increase tax rate but reconsidered when it was revealed that would actually cut the local revenues provided schools by $148,000.

We did not record the votes but believe it went as follows: Those voting for no increase were Stewart, Long, Jablonski and Rush. When the vote was retaken at the final 1 cent increase those voting in favor were Biggs, Moore, Gorman and Long. Biggs, Moore and Gorman were in favor of 2 cents and Biggs and Moore favored the advertised six cents. Stewart, Jablonski and Rush held to no increase.

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