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Albemarle project requests likely to lead to tax rate increase
The Daily Progress Monday, May 28, 2018 at 10 p.m.

The Albemarle County Board of Supervisors soon will be approving a Capital Improvement Plan for the upcoming five fiscal years that likely will lead to an increase of the real estate tax rate.

The board is scheduled to finalize its fiscal years 2019-23 CIP, including potential bond referendum projects for schools and local government, at its meeting June 6.

On May 9, the board voted to support potentially putting up to about $59 million in a bond referendum this fall — about $47 million for school projects and about $12 million for other local government projects.

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