No meals tax could mean higher property taxes

If the meals tax doesn’t pass on November 5, there could be some repercussions on voters. Chesterfield’s proposed 2 percent meals tax would generate about $8 million a year. Those funds would be used to offset the “interest” on the bonds if the referenda is passed.

If the tax is not approved by the voters, it may lead to an increase in property taxes. The increase would have to be in the 2 cents per $100 of the real estate’s value. That would generate about the same amount of funds that the meals tax would raise.

The property tax was lowered from $.97 to $.95 in 2008 and hasn’t gone up or down since.

Chesterfield County Board of Supervisors Chair, Dorothy Jaeckle, in an article in the Richmond Times-Dispatch said the property tax or any other program to generate funds would be left up to the Board.

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