The Spotsylvania Board of Supervisors started hammering away at adopting a fiscal 2022 budget and this year’s tax rates Tuesday evening with a surplus of $2.3 million.
That surplus quickly vanished and became a deficit before the board eventually adopted a balanced budget for the fiscal year that begins July 1. The approved operating budget stands at $535.5 million, with $160.1 million in general fund expenditures
The board also approved real estate and personal property tax rates lower than advertised. The real estate rate is the same as the current rate, while the personal property rate was lowered by 20 cents below the current rate.
