With the areaâs vaccination rollout underway, and city restaurants and venues loosening restrictions, a staff report to Lynchburg City Council on Tuesday showed a projected increase in city revenues for fiscal year 2022 of about $3.4 million more than originally proposed.
Revenues that have stayed low during the course of the pandemic, such as lodging and amusement taxes, are expected to see significant jumps in the fiscal year 2022 budget as area businesses and services continue âopening back up,â according to Chief Financial Officer Donna Witt.
Also contributing to the projected revenue increase is a 5% salary increase approved by the state for all state-funded city positions. This will affect city constitutional officers, as well as the human services department, and bring in additional funds from the state.
What’s News Today: Road work, food collection
What’s News Today: Road work, food collection
Here’s a look at some of the stories we’ll be following today as they make headlines across the country and Southwest Virginia.
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What s News Today (WSLS 10)
Sovah Health Danville will announce a major project today. It’s made possible by a $12 million investment from LifePoint Health. The announcement takes place this morning at 10 a.m. Then at 11 a.m. at Sovah Health in Martinsville, NASCAR and Martinsville Speedway will show appreciation to health care workers. The Pace Car for this weekend’s race will lead a parade of NASCAR haulers outside the hospital, followed by a brief ceremony.
Letters to the editor for April 4, 2021 newsadvance.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsadvance.com Daily Mail and Mail on Sunday newspapers.
Lynchburg City Council rejects equalization after public hearing on tax increase
Lynchburg City Council last night voted down an effort to equalize the city’s property tax rate – but say they want to discuss the issue further. The city’s current tax rate is $1.11 per $100 of assessed value. Leaving it at that rate would generate more than 4-million extra dollars in the city budget but amount to higher taxes for those whose property value assessments recently increased. Council’s vote came after a rally and numerous comment opposed to the tax increase at a public hearing. Among those opposed to the increase: Del. Wendell Walker and Ben Castle:
Councilors differ on Lynchburg schools' budget request newsadvance.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsadvance.com Daily Mail and Mail on Sunday newspapers.