City Council Calls Up The ‘Reserves’

Emergency Funds Used To Avert Tax Rate Hike

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Posted: May 15, 2013

City Council on Tuesday decided not to defer traffic light updates on South Main at Pleasant Hill and Mosby roads in order to avoid a real estate rate hike, opting instead to dip into the city’s cash reserves. (Photo by Jason Lenhart / DN-R)
HARRISONBURG — City Council avoided a real estate rate increase in the fiscal 2014 budget it adopted Tuesday night.

Heading into the meeting, council faced a $372,000 deficit if it wanted to…

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