During the run up to the election, Coy, host of Charlottesville...Right Now, argued Albemarle County residents have a real investment in the outcome of the election because of the revenue sharing agreement between the County and the City. I agree Albemarle residents are affected by the results of the elections in the City but the revenue sharing agreement is hardly the reason why.
My understanding of the revenue sharing agreement is it came about as consideration for the City not annexing any additional County land. I have not been able to listen to every show so perhaps Coy addressed this since the election. I want to be clear this money is not haphazardly thrown at the City for no reason as sometimes Coy seemed to suggest.
A search found an Albemarle County proposed budget with the following language:
"An Annexation and Revenue Sharing Agreement dated February 17, 1982, between the County of Albemarle and the City of Charlottesville was approved in a public referendum on May 18, 1982. The agreement required the County and the City to annually contribute portions of their respective real property tax bases and revenues to a Revenue and Economic Growth Sharing Fund. Distribution of the fund and the resulting net transfer of funds shall be made on each January 31 while this agreement remains in effect. During the time this agreement is in effect, the City will not initiate any annexation procedures against the County. Also, pursuant to this agreement, they created a committee to study the desirability of combining the governments and the services currently provided."
County residents receive a benefit from this agreement, apparently at one time the County felt it very important not to have the City annex any more of its land & the City cannot under this agreement. Is the agreement relevant today? I would like to know why it was needed in the first place. Anybody...anybody?
Everyone knows I love Coy's show, those little comments about the revenue sharing agreement frustrated me a bit because it was not presented with the benefits the County receives with that agreement. Frankly I would have called in my comment but I dont have the time between 4-6 to get on the phone.