
                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: WEDNESDAY, March 25, 1992                   TAG: 9203250217
SECTION: CURRENT                    PAGE: NRV-3   EDITION: NEW RIVER VALLEY 
SOURCE: New River Valley bureau
DATELINE: CHRISTIANSBURG                                LENGTH: Short

SUPERVISORS PLAN TAX-RATE, BUDGET MEETING MONDAY

The Montgomery County Board of Supervisors will hold a special meeting Monday to set a real estate tax rate and approve a budget for next year.

The supervisors held a public hearing last Thursday on their proposed $61.5 million budget for 1992-93. Several people turned out to oppose further cuts in school funding.

Before the hearing, several supervisors had indicated they would like to avoid any tax increase, but to do that they would have to cut the budget by $510,000. A 2-cent increase in the real estate rate is needed to avoid that cut.

A 2-cent increase would mean the owner of an $80,000 home would pay an additional $16 a year in taxes. The owner of a $50,000 house would pay $10 more a year.

by CNB