Another Budget Approval

Urbanna Town Council has approved the budget for fiscal year 2024-2025 with no changes to the current tax rates. Real estate taxes will stay at 21 cents per $100 of assessed value, and personal property taxes remain at 37 cents per $100. The $1.6 million budget includes a $1 million loan for a new well and a 10% increase in in-town water rates. The town’s general fund stands at $772,000, with major expenditures including administration and the new well. The recent closure of the DMV Select office, which operated at a loss, will not impact the town’s tax rates or services.