Morrisons Cove Herald - Putting cows on the front page since 1885.

By CHRISTIE SWEIGART
Correspondent 

NBC Board Increases Real Estate Taxes by 3.2 Percent

 


The Northern Bedford County School Board met Tuesday, June 18, with the major item on the agenda passage of the 2019-20 budget.

According to the approved budget, NBC will be enacting a tax increase of 3.2 percent for the upcoming year. The tax levy for the upcoming year is projected to be collected at a 94 percent rate and will be an assessment of no less than $8.5759 per thousand dollars of a property’s assessed value.

This will give the school an anticipated tax revenue of $2,938,826. This amount will be used to cover the school’s deficit of $433,216 for the 2019-20 school year.

It w...



For access to this article please sign in or subscribe.



 

Reader Comments
(0)

 
 

Our Family of Publications Includes:

Powered by ROAR Online Publication Software from Lions Light Corporation
© Copyright 2019