Get your business listed on the Best Local Business Listing Network on the web!  

A Reduction In The City’s Real Estate Taxes, Which Are Now At An All-Time High, Is Being Considered By The Newport News City Council

The city of Newport News, Virginia, is celebrating the Fourth of July. This year’s Fourth of July festivities will take place in Newport News, Virginia. The Fourth of July celebrations will take place in Newport News, Virginia, this year. This year’s Fourth of July events will be held in Newport News, Virginia, according to the city’s website. For the first time in more than a decade, the City of Newport News is requesting a reduction in its real estate tax rate from the General Assembly, a move that would be unprecedented in the Commonwealth.

On Tuesday evening, City Manager Cynthia Rohlf presented her proposed budget for fiscal year 2023 to the Newport News City Council. The budget was approved unanimously. The budget was passed by a vote of unanimous consent.

Following the current plan, the proposed real estate tax rate is $1.20 per $100 of assessed property value, a 2 cent drop from the current rate of $1.20 per $100 of assessed property value, according to the current proposal. This rate is represented in the $1.04 billion budget, which recommends a total budget of $1.04 billion. This rate is included in the $1.04 billion budget. If the budget is approved and signed by the mayor, it is expected that residents of the city will save around $4 million in taxes per year if the budget is passed.

Rohlf advises that a temporary reduction in the personal property tax rate to 25 percent for a limited period of time be imposed in order to balance out advances in assessed values for used autos, which have climbed by nearly 33 percent since the beginning of the year. It is anticipated that approximately $16.8 million in tax relief will be delivered between the current fiscal year and the first half of the following fiscal year in 2023, for a total of roughly $16.8 million in tax relief.

As a result of Rohlf’s recommendation, which is effective immediately, a 5 percent general wage raise for city employees is set to take effect on July 1st. According to the Department of Labor, an increase in the salary of police department workers who work the midnight shift would be beneficial to both officers and non-commissioned officers working the midnight shift.

A complete allocation of funds has been allocated to the school’s operational plan, which if executed will result in wage increases for the vast majority of full-time employees and increases in starting pay for new employees. Professors would receive a wage increase of 6.5 percent, which would put them on pace with the national average. According to the National Education Association, teachers who have a bachelor’s degree but no prior teaching experience would see a boost in their beginning wage from $47,000 to $50,000 under the proposed budget.

Various positions, including support staff and bus drivers, would see pay raises introduced, amongst other things.

A number of new or converted employment in the areas of health, safety, and well-being, according to Rohlf, should be created or converted in order to better support staff who work with homeless people, Commonwealth’s lawyers, and the police department, among other things.

Scroll to Top