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Report: Albemarle took $65M more in tax collections over revenue sharing payments from ’01 to ‘16
The Daily Progress Friday, August 04, 2017 at 8 p.m.

A new report from a local public policy organization shows that between 2001 and 2016, Albemarle County received $277 million in local tax revenue from area of land that in the 1980s was eyed for annexation by the City of Charlottesville, and sent $212.9 million in revenue sharing payments to the city.

The Hindsight Report from the Free Enterprise Forum, which looks at Geographic Information System data to calculate tax revenue generation from the revenue sharing agreement area, shows that Albemarle received about $65 million more in local tax revenues than it paid to the city during those years.

The revenue sharing agreement was approved in 1982 in a deal to prevent the city from annexing valuable county land, but required the county to share some of the revenue generated by that land with Charlottesville.

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People Neil  Williamson  
Topics Revenue Sharing  
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