| | | | | | | | Spotsylvania County
Board of Supervisors Agenda
Executive Summary |
| | | | | | | | Meeting Date:
| March 12, 2019 |
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| | | | | | | | Title:
| Amendment to Exemption for the Elderly or Disabled Person; Sec 21-80 |
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| | | | | | | | Type:
| Action, Public Hearing |
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| | | | | | | | Agenda Title:
| Public Hearing for Amendment to Exempt the Elderly or Disabled Person; Sec 21-80
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| | | | | | | | Recommendation:
| After the Public Hearing, staff recommends the Board of Supervisors adopted the changes the exemption for the Tax Relief for the Elderly or Disabled Program to $1,500. |
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| | | | | | | | Summary:
| On April 12, 2018, the FY 2019 Budget was adopted with the intent that the exemption for the Tax Relief for the Elderly or Disabled Program would be increased from $1,200 to $1,500. The $130,372 decrease in real estate revenue was factored into the FY 2019 Budget. |
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| | | | | | | | Financial Impact:
| $130,372 |
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| | | | | | | | Staff Contacts:
| Deborah F Williams, Commissioner of the Revenue & Bonnie Jewell, Budget Manager |
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| | | | | | | | Legal Counsel:
| Shelia Weimer, Assistant County Attorney |
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| | | | | | | | Additional Background/Other Considerations:
| The Board of Supervisors approved a change of this nature as part of the FY 2019 Adopted Budget.
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| | | | | | | | Consequence of Denial/Inaction:
| The exemption will remain at $1,200. |
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