In a recent meeting of the Patrick County Board of Supervisors, officials approved a modest increase in the transit access tax, raising it by 1% to generate approximately $70,000 for the upcoming fiscal year. This decision aims to bolster revenue for essential services, although it sparked some debate among board members regarding its long-term impact on the community.
Supervisor Marshall expressed concerns about the chosen revenue stream, suggesting that its effects might not align with the county's broader financial strategy. Despite this, the majority of the board supported the increase, with Supervisors Perry and Overby voting in favor, alongside Marshall.
In addition to the tax increase, the board discussed the personal property tax rate, ultimately deciding to maintain it at its current level. This decision reflects a cautious approach to taxation amid ongoing budget discussions.
The board also reviewed the fiscal year 2025-2026 budget, which totals approximately $76 million. A general fund deficit of about $126,000 was noted, prompting discussions on potential funding sources to address this shortfall. The board agreed to reduce its contribution to the Patrick County Education Foundation by $15,000, which will help mitigate the deficit.
Looking ahead, the board plans to explore reallocating unspent funds from previous projects to further balance the budget. The meeting concluded with the budget officially adopted, setting the stage for the county's financial planning in the coming year.
These decisions reflect the board's ongoing efforts to manage the county's finances responsibly while addressing the needs of residents. As the fiscal landscape evolves, the board's actions will continue to impact community services and resources.