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MOTION:CADDIGAN March 18,1997 <br />Regular Meeting <br />SECOND:WILBOURN Res,No,97-218 <br />RE:AUTHORIZE PUBLICATION OF FISCAL 1998 (TAX YEAR 1997) <br />REAL PROPERTY TAX RATE AND SYNOPSIS OF THE PROPOSED <br />BUDGETS OF THE COUNTY GOVERNMENT AND SCHOOLS <br />ACTION:APPROVED <br />WHEREAS,Section 58.1-3321 of the State Code provides that where annual <br />assessments of real property will result in an increase ofone percent or more in the real property <br />levy,the County must either reduce the levy rate or comply with certain procedures to retain or <br />increase the levy rate,including the publication of a maximum levy rate to be discussed at a <br />public hearing;and <br />WHEREAS,deliberations regarding the FY 1998 budget and the real property <br />revenues required to support it have not yet been concluded;and <br />WHEREAS,public hearings regarding tax levies and the FY 1998 Fiscal Plan <br />are scheduled for April 7 and 8,1997;and <br />WHEREAS,Section 15.1-162 of the State Code requires that a brief synopsis of <br />the budget be published once at least seven days prior to the public hearings on the budget; <br />NOW,THEREFORE,BE IT RESOLVED that the Prince William Board of <br />County Supervisors does hereby authorize that the rate of $1.36 per $100 of assessed value be <br />advertised for a public hearing on the Fiscal 1998 (Tax Year 1997)Real Property Tax Levy; <br />BE IT FURTHER RESOLVED that the Prince William Board of County <br />Supervisors does hereby authorize a synopsis ofthe County Executive~sand School <br />Superintendent~sproposed FY 1998 budget to be published not later than March 31,1997. <br />STATEMENT OF DISCLOSURE PRIOR TO VOTE -JOHN D.JENKINS <br />Votes: <br />Ayes:Barg,Caddigan,Hill,Jenkins,McQuigg,Seefeldt,Thompson,Wilbourn <br />Nays:None <br />Absent from Vote:None <br />Absent from Meeting:None <br />For information: <br />Superintendent of Schools <br />Director of Finance <br />Assistant County Executive -CG <br />CERTIFIED COPY