At Monday’s regular meeting, the Appomattox Town Council approved to adopt the fiscal 2019-2020 budget for the town. The vote was approved by all council members.
General fund expenditures total $2,749,128; general fund revenue estimates total $2,749,128; water fund expenditures total $976,362, water fund revenues total $976,362, sewer fund expenditures total $1,017,033, sewer fund revenues total $1,017,033, internal service fund expenditures total $133,800, and internal service fund revenues total $133,800.
Within the budget, the council established the property tax rate at 12 cents per $100 of assessed value for real estate, 55 cents per $100 of assessed value for personal property, 55 cents per $100 of assessed value for machinery and tools, and 12 cents per $100 of assessed value for mobile homes.
Additionally, personal use vehicles valued at $1,000 or less are eligible for 100 percent tax relief; personal use vehicles valued at $1,001 to $20,000 are eligible for 61.86 percent tax relief; personal use vehicles valued at $20,001 or more will only receive 61.86 percent tax relief on the first $20,000 of value. All other vehicles that do not meet the definition of “qualifying” are not eligible for tax relief under this program. Disqualified vehicles would include business use vehicles, farm use vehicles, motor homes and so forth.
The town’s Capital Improvement Plan for fiscal 2020 also was approved unanimously at the meeting.
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