Bedford 2021 Budget Summary: 'Increases' Necessary
December 3, 2020
The Bedford County Board of Commissioners has increased real estate taxes in order to meet increasing expenses expected in 2021.
According to county calculations, a property assessed at $100,000. would have tax increase equal to a $14.80 annual increase, or $1.23 monthly.
Current revenues for the 2021 fiscal year are projected to be $23,293,010 prior to any tax increase and expenditures are projected to be $23,733,616.
The commissioners determined that the Cares Act grant funds used to offset many of the 2020 fiscal year expenditures will have a “temporary, but positive impact” on the...