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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...



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