Gloucester supervisors considering change to real estate tax rate, town hall scheduled - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
March 20, 2018 Newswires
Share
Share
Post
Email

Gloucester supervisors considering change to real estate tax rate, town hall scheduled

Daily Press (Newport News, VA)

March 20--Gloucester County's budget for the upcoming fiscal year might come with a change to the real estate tax rate -- whether it gets higher or lower depends on how big a raise the county and school division give their employees.

At the initial March 5 budget proposal, County Administrator Brent Fedors pitched raising the real estate tax rate by 1.5 cents to 71 cents per $100 of a property's assessed value.

That change, along with an increased revenue projection and keeping expenses flat where possible, would provide raises to all school and county employees. Fedors called it a fix to get their pay to the market rate.

Under Fedors' proposal, county employees would see an average raise of 10 percent and school employees an average raise of 6.8 percent.

A week later, a possibility of lowering the real estate tax rate emerged. Fedors said county staff negotiated a reduction in health insurance costs, and Supervisor Phillip Bazzani suggested not doing the compensation fix all at once, instead doing a flat raise of 4, 5 or 6 percent for county and school employee pay in the upcoming budget.

Bazzani said he wanted to get the rate to 69 cents per $100 of assessed value, and Fedors said that was doable if raises were at the levels Bazzani proposed.

The actual tax rate will be the subject of a public hearing and will need to be approved by the board, along with the budget.

The proposed general fund operating budget Fedors presented is $66.67 million, an increase of $3.91 million over the current operating budget. Part of that boost comes from an expected $2.6 million in natural revenue growth.

Under the proposal, $59.77 million would go to schools, $1.86 million more than is going to the schools in the current fiscal year. That allocation is $1.35 million less than what the school division requested.

People who would like to weigh in on the proposed Gloucester County budget, which would take effect July 1, can do so at a town hall meeting Wednesday.

Board of Supervisors Chairman Chris Hutson and Vice Chairman Ashley Chriscoe will hold the meeting at 7 p.m. at the Colonial Courthouse, 6504 Main St.

For more information about the town hall, call county administration at 804-693-4042.

Officers and medics responded to a report of a stabbing about 7:40 p.m., according to Master Police Officer Brandon Maynard. The man died at the scene, Maynard said. Tuesday, March 20, 2018.

Officers and medics responded to a report of a stabbing about 7:40 p.m., according to Master Police Officer Brandon Maynard. The man died at the scene, Maynard said. Tuesday, March 20, 2018.

Officers and medics responded to a report of a stabbing about 7:40 p.m., according to Master Police Officer Brandon Maynard. The man died at the scene, Maynard said. Tuesday, March 20, 2018.

Officers and medics responded to a report of a stabbing about 7:40 p.m., according to Master Police Officer Brandon Maynard. The man died at the scene, Maynard said. Tuesday, March 20, 2018.

The Newport News School Board held a public hearing on the proposed budget and the proposal of rezoning children out of Huntington Middle School to Heritage High School on March 20, 2018.

The Newport News School Board held a public hearing on the proposed budget and the proposal of rezoning children out of Huntington Middle School to Heritage High School on March 20, 2018.

Major components of a 315-metric-ton gantry crane will replace the 49-year-old green gantry crane at docks 10 and 11.

Major components of a 315-metric-ton gantry crane will replace the 49-year-old green gantry crane at docks 10 and 11.

B.C. Charles Elementary students participate in a state-wide tornado drill Tuesday March 20, 2018.

B.C. Charles Elementary students participate in a state-wide tornado drill Tuesday March 20, 2018.

Jan Hooks, a retired shipbuilder, who was active in the 1979 strike that led to United Steelworkers Local 8888 being ablel to bargain on behalf of workers. The local won the right to organize 40 years ago this year.

Jan Hooks, a retired shipbuilder, who was active in the 1979 strike that led to United Steelworkers Local 8888 being ablel to bargain on behalf of workers. The local won the right to organize 40 years ago this year.

Reyes can be reached by phone at 757-247-4692. Follow him on Twitter @jdauzreyes.

___

(c)2018 the Daily Press (Newport News, Va.)

Visit the Daily Press (Newport News, Va.) at www.dailypress.com

Distributed by Tribune Content Agency, LLC.

Older

Activists stop in Worcester, push $15 minimum wage, paid family and medical leave

Newer

York budget proposal keeps real estate tax rate flat, gives more to schools, public safety

Advisor News

  • Are families ready for the costs of aging at home?
  • When a client moves, their insurance plan needs to move, too
  • A rising retirement challenge: The license to spend
  • Financial stress leaves less room for retirement saving
  • Giving while you’re living: 3 frequently asked questions about gifting
More Advisor News

Annuity News

  • MassMutual Enhances Permanent Life Insurance Portfolio With Launch of Whole Life Guard 10 Pay and Whole Life 95
  • Global Atlantic names Dan Farrelly head of IMO and IBD channels
  • A rising retirement challenge: The license to spend
  • What lower interest rates mean to annuity payouts
  • AM Best downgrades A-Cap insurers amid financial and regulatory troubles
More Annuity News

Health/Employee Benefits News

  • Flawed logic won't fix care
  • Universal public healthcare is the anawer
  • Healthcare workers see rising insurance costs
  • What brokers should look for in changing benefits technology
  • The flawed logic of Medicare for All
Sponsor
More Health/Employee Benefits News

Life Insurance News

  • MassMutual Enhances Permanent Life Insurance Portfolio With Launch of Whole Life Guard 10 Pay and Whole Life 95
  • Study Results from Cornell University in the Area of Insurance Reported (Regulatory Competition In the Us Life Insurance Industry): Insurance
  • AM Best Comments on Issuer Credit Ratings of Pacific Life Insurance Company’s Commercial Paper Following Amendment to Program
  • AM Best Affirms Credit Ratings of Protective Life Corporation and Its Key Subsidiaries
  • ICICI Life Insurance names Sidharatha Mishra managing director, CEO
Sponsor
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Lauren Sinnott Named to Ragan’s Top Women in Marketing Awards, Class of 2026 
  • Classic Car Insurer OpenRoad Insurance Expands to 40 U.S. States in Two Years
  • How Aspire General Turned an Early Technology Bet Into Claims Automation at Scale with Kyber
  • Adjusto launches AI-Native contents claims services powered by its technology platform
  • URL Insurance Group Celebrates 40 Years of Service, Growth, and Industry Leadership
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.