Proposed $113M Isle of Wight budget includes 5-cent real estate tax increase

Proposed $113M Isle of Wight budget includes 5-cent real estate tax increase

Isle of Wight County homeowners would see a 5-cent, or 6.8%, real estate tax increase and a 5% increase in their water rate come July 1 under County Administrator Randy Keaton’s proposed $113 million fiscal year 2025-26 budget. It would give Isle of Wight County Schools less than half of the $6.6 million increase in local funding the School Board requested. Keaton’s budget proposal, presented to county supervisors on April 3, would reflect a $5.…