The Mathews County Board of Supervisors met Monday afternoon to finalize efforts to trim the FY 2027 budget prior to the budget and tax rate adoption meeting scheduled for 6 o’clock this evening, Thursday, April 30, in the historic courthouse on Court Street. County Administrator Ramona Wilson presented the board with new budget numbers based on revenue estimates from updated property value information from the Commissioner of the Revenue and updated Social Services expenses based on the statewide budget that is still in the adoption process. Wilson said that she was able to increase budget revenues by $80,000 after a discussion with Commissioner of the Revenue Les Hall. Total real estate values for Mathews are $2.191 billion, she said, with tax reductions for the elderly and disabled valued at approximately $50 million, for a yield of $2.141 billion in taxable property value. The current tax rate of 60 cents per $100 of assessed value yields $12.85 million in revenue, she said, while ...
To view the rest of this article, you must log in. If you do not have an account with us, please subscribe here.
