Tag Archives: budget

County Has $1M Less Income than Expected

The county is facing a million-dollar shortfall at the end of the fiscal year, Samantha Koon writes for the Daily Progress. The $1.07M shortfall results from less income from real estate taxes than expected. Relative to Albemarle’s $304M budget, it’s not an enormous amount of money, but it’s still got to come out of somewhere. They’ve has faced larger shortfalls in recent years, especially back in 2008, as the economy was collapsing. The Board of Supervisors will figure out how to deal with the problem in work sessions next month.