(Updated at 2:40 p.m.) Vienna officials have released a proposed budget that maintains the town’s current real estate tax rate, despite continued economic challenges from inflation and supply chain issues.
The $53.8 million budget for fiscal year 2025, which starts July 1, holds the tax rate at $0.1950 per $100 of assessed value. Combined with a cumulative 3-cent reduction over the previous three years, the town will have cut its tax rate by 14% since 2021, Town Manager Mercury Payton said in a message to Mayor Linda Colbert and the town council.