Details for Notcie of Hearing

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PUBLIC NOTICE FRANKLIN COUNTY, VIRGINIA A HEARING ON THE PROPOSED FY 2021-2022 BUDGET In Accordance with Sections 15.2-2503 and 15.2-2506 of the Code of Virginia, as amended on Tuesday, April 20, 2021 at approximately 6:00 P.M. or soon thereafter, the Franklin County Board of Supervisors will conduct a hearing on the proposed FY 2021-2022 County budget at the Government Center, 1255 Franklin Street, Suite 104, in Rocky Mount, Virginia. The following synopsis of the budget is provided for fiscal planning purposes only. No entry in the budget constitutes an obligation on the part of the County until such funds are appropriated by the Franklin County Board of Supervisors. SYNOPSIS OF THE PROPOSED BUDGET FOR FISCAL YEAR FY 2021-2022 Proposed Percent Expenditure Function Expenditures of Budget General and Financial Administration $ 5,463,978 3.4% Judicial System 3,011,979 1.9% Public Safety 17,137,949 10.7% Public Works 4,558,924 2.8% Health and Welfare 15,489,266 9.7% Schools 97,243,282 60.6% Recreation and Cultural 2,610,505 1.6% Community Development 3,108,587 1.9% Debt Service 5,759,806 3.6% Non-Departmental 2,107,476 1.4% Capital Outlay 3,856,775 2.4% Utilities 24,000 0.0% Sub-Total $160,372,527 100.0% Transfers Between Funds 44,973,888 Total $205,346,415 Proposed Percent Revenue Function Revenues Of Budget General Property Taxes/Other Local Taxes $72,188,460 45.0% State Funds County $15,294,750 9.5% State School Funds $46,196,895 28.8% Federal School Funds $15,150,294 9.5% Local School Funds $1,577,920 1.0% Other County/Federal Funds $9,964,208 6.2% Sub-Total $160,372,527 100.0% Transfers Between Funds $44,973,888 Total $205,346,415 The Public Hearing will be broadcast live on YouTube. The hearing and a copy of the proposed FY 21-22 County Budget can be reviewed from the County website: http://www.franklincountyva.gov . This medium will allow for citizens to view and listen to the public hearing. The Public may comment during the 6:00 p.m. public hearing until the Chairman closes the public hearing: - Following social distancing guidelines, speakers may appear and offer comment during the hearing. - Comments should not exceed 3 minutes. COUNTY OF FRANKLIN PUBLIC NOTICE HEARING ON SETTING OF TAX LEVIES In accordance with Sections 15.2-1427 and 15.2-2507 of the Code of Virginia, as amended, notice is hereby given that the Franklin County Board of Supervisors will conduct a public hearing on Tuesday, April 20, 2021, at approximately 6:00 P.M. in the Government Center, 1255 Franklin Street, Suite 104, Rocky Mount, Virginia. A HEARING TO SET TAX LEVIES FOR THE FOLLOWING CLASSES OF PROPERTY: 1. Setting a tax levy of $.61/$100 of assessed value on real estate, public service corporation property, and mobile homes; pursuant to the authority of 58.1-3200, 58.1-3201, 58.1-3202, 58.1-3203, 58.1-3204, 58.1-3205 of the Code of Virginia, as amended. 2. Setting a tax levy of $2.41/$100 of assessed value on personal property, pursuant to the authority of 58.1-3500, 58.1-3501, 58.1-3502, 58.1-3503, 58.1-3506 of the Code of Virginia, as amended. 3. Setting a tax levy of $1.89/$100 of assessed value on personal property, classified as heavy construction machinery, including but not limited to land movers, bulldozers, front-end loaders, graders, packers, power shovels, cranes, pile drivers, forest harvesting and silvicultural activity equipment and ditch and other types of diggers owned by businesses pursuant to the authority of 58.1-3508.2 of the Code of Virginia, as amended. 4. Setting a tax levy of $0.70/$100 assessed value on machinery and tools based on original cost and declining depreciation over a 7-year period. By the seventh year of depreciation, the effective rate is $0.28 per $100 assessed value. This rate is levied pursuant to the authority of 58.1-3507(B) of the Code of Virginia, as amended. 5. Setting a tax levy of $1.08/$100 of assessed value on merchants' capital, pursuant to the authority of 58.1-3509, and 58.1-3510 of the Code of Virginia, as amended. The Public Hearing will be broadcast live on YouTube. The hearing and a copy of the proposed FY 21-22 County Budget and associated tax levies can be reviewed from the County website: http://www.franklincountyva.gov . This medium will allow for citizens to view and listen to the public hearing. The Public may comment during the 6:00 p.m. public hearing until the Chairman closes the public hearing: - Following social distancing guidelines, speakers may appear and offer comment during the hearing. - Comments should not exceed 3 minutes.

1255 Franklin Street, Rocky Mount, VA 24151

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