The final budget is similar to the draft budget that was presented during a public hearing on June 5. Also at that meeting, the BOS approved tax increases for the coming year, with only District 2 Supervisor Marshall Tipton voting against them.
The county’s finalized budget includes:
• An allocation of nearly $2.3 million for the Scott County Sheriff’s Office
• An allocation of $456,500 for volunteer fire departments
• An allocation of more than $3.4 million for the Southwest Virginia Regional Jail Authority’s Duffield facility
• An allocation of $597,150 for capital projects, including SCSO vehicle replacements, a vehicle for the Economic Development Authority, optical scan voting machines and a $480,000 grant for a burn building, which will be available to local fire departments for training
• A general fund balance of nearly $26.4 million
As previously reported by the Times News, the tax rates for the upcoming fiscal year are as follows:
• Personal property: $1.65/$100
• Real estate: $.80/$100
• Machinery and tools: $.90/$100
• Merchants capital: $.72/$100
Over the next four years, supervisors plan to phase in a $1.40/$100 tax increase for machinery and tools by implementing a 25 percent, or 18-cent, increase each year.