[3a. 68-26 Resolution - Approval of Operating and Capital Annual Fiscal Plans for Fiscal Year 2026-27 and Allocation of Car Tax Relief for Tax Year 2026. Beginning at 6:00 p.m. ]

CHAIR. MEMBERS OF THE BOARD.

TONIGHT'S PRESENTATION AND PUBLIC HEARING IS THE CONTINUATION OF THE PUBLIC BUDGET PROCESS THAT STARTED TWO WEEKS AGO WITH THE INTRODUCTION OF THIS BUDGET ON MARCH 10TH AND CONTINUED WITH THE BOARD'S HOLDING OF REVIEWS OF ALL AGENCY BUDGETS.

LAST WEEK, AT THE CONCLUSION OF THE PUBLIC HEARING.

BY LAW, THE BOARD MUST DEFER CONSIDERATION OF THE BUDGET FOR AT LEAST SEVEN DAYS BEFORE IT CAN ADOPT THE BUDGET. CURRENTLY, THE RECOMMENDATION IS TO DEFER TO THE NEXT BOARD MEETING WHERE AT WHERE IT WILL BE CONSIDERED AFTER THE PUBLIC HEARINGS FOR THE TAX RATES AND FEES THAT SUPPORT THIS BUDGET.

I'LL NOTE FOR THE PUBLIC.

THERE ARE A NUMBER OF MATERIALS IN THE BACK OF THE ROOM.

BUDGET IN BRIEF, A COPY OF THE PRESENTATION I'LL BE GIVEN THIS EVENING, ALONG WITH A COPY OF THE BUDGET DOCUMENT ITSELF AND THE CAPITAL IMPROVEMENT PROGRAM.

AND OUR FINANCIAL TRENDS DOCUMENT IS ALSO BACK THERE.

I WOULD ALSO BE REMISS IF I DIDN'T NOTE THAT THERE IS AN ELECTRONIC VERSION OF THE BUDGET AVAILABLE ON THE COUNTY'S WEBSITE.

TO GET TO JUMP RIGHT INTO THE QUICK OVERVIEW OF THIS OF THE BUDGET, THE ALL FUNDS BUDGET, CLOSE TO $2 BILLION IS, IS MOSTLY OF CONSISTS OF THE GENERAL FUND BUDGET, WHICH IS WHERE THE BULK OF THE COUNTY'S OPERATIONS CONSIST OF THE NEARLY $1.4 BILLION BUDGET GENERAL FUND BUDGET IS BALANCED WITHIN ALL CURRENT TAX RATES, WHICH INCLUDES A REAL ESTATE TAX RATE OF $0.83 PER $100 ASSESSED VALUE, ALONG WITH THE PERSONAL PROPERTY TAX RATE OF $3.35 PER $100 ASSESSED VALUE.

THE REVENUE COMPOSITION OF THE BUDGET IS SHOWN ON THE PIE CHART.

HERE YOU SEE THREE NEARLY EQUAL THIRDS WITH REAL ESTATE TAXES, THE COUNTY'S LARGEST SINGLE REVENUE SOURCE BEING ONE THIRD STATE AND FEDERAL REVENUES BEING ROUGHLY ANOTHER THIRD AND THEN ALL THE OTHER LOCAL REVENUES.

[00:05:04]

NOW, THE TABLE ON THE RIGHT SHOWS THAT LOCAL REVENUE GROWTH ACCOUNTS FOR OVER 96% OF THE ESTIMATED GROWTH IN FISCAL YEAR 27.

THE REASONS FOR THIS ARE THE FACT THAT THE ANTIQUATED FORMULA THAT DETERMINES LOCALITIES ABILITY TO PAY FOR ITS SHARE OF PUBLIC EDUCATION PRODUCED A RESULT THAT GAVE CPS THE SIXTH LARGEST DECREASE IN DOLLAR FOR DOLLAR DECREASE IN THE STATE.

OUT OF ALL 130 SCHOOL DIVISIONS.

BY JUST A POINT OF COMPARISON, CHESTERFIELD RECEIVED THE THIRD LARGEST INCREASE. LOOKING AT 26 VERSUS 27, THE PIECES THAT CONTRIBUTE TO THIS RESULT WAS A DECREASE IN THE ESTIMATED NUMBER OF STUDENTS, ALONG WITH A NUMBER OF LOCAL ECONOMIC INDICATORS THAT IMPROVE RELATIVE TO OTHER PARTS OF THE COMMONWEALTH.

SO AS A RESULT, ESTIMATES FOR FISCAL YEAR 27 ARE FLAT WHEN COMPARED TO THE ESTIMATES ADOPTED IN THE MANAGER IN THE BUDGET FOR THE CURRENT FISCAL YEAR.

I WOULD ALSO MAKE A NOTE THAT THE GENERAL ASSEMBLY IS STILL WORKING ON ITS BUDGET, AND WILL CONVENE A SPECIAL SESSION TO DO THAT WORK ON APRIL 23RD.

SO WITH THE REDUCTIONS IN ANTICIPATED STATE AID, COMBINED WITH A MORE MODEST GROWTH IN REAL IN THE REAL ESTATE TAX BASE, EXPENSE REDUCTIONS WERE REQUIRED TO IN ORDER TO BALANCE THIS BUDGET.

THE BULK OF THESE REDUCTIONS WAS THE INCLUSION OF A 3% ACROSS THE BOARD REDUCTION IN THE AMOUNT OF EACH AGENCY'S FY 26 BUDGET, NEARLY $40 MILLION ACCOUNTED FOR IN THE 27 BUDGET. SO LOOKING AT THE EXPENSE SIDE OF THE 27 BUDGET WHEN COMPARED TO FISCAL YEAR 26, IT REFLECTS A 44.3 OR 3.3% INCREASE, WITH 83% OF THE GROWTH IN THE BUDGET DEDICATED TO EDUCATION AND PUBLIC SAFETY.

BOTH WERE A REFLECTION OF THE COMMUNITY'S LONG STANDING HIGH PRIORITIES, AND THE 2011 BUDGET CONTINUES THAT.

SO BUILDING ON THE PROGRESS MADE OVER THE LAST FEW YEARS AS SINCE FEBRUARY OF 21 EMPLOYEE SALARIES WHO HAVE BEEN HERE SINCE FEBRUARY 21ST HAVE SEEN AN INCREASE ON AVERAGE OF 55%. CONTINUING THAT PROGRESS, THE FY 27 BUDGET INCLUDES THE RECOMMENDATION OF A 3% SALARY INCREASE FOR ALL EMPLOYEES.

IT ALSO PROPOSES TO PICK UP THE BULK OF HEALTH CARE PREMIUM COSTS FOR EMPLOYEES MAINTAINING A ROUGH RATIO OF ABOUT 80% OF THE TOTAL COSTS FOR EMPLOYEE HEALTH CARE PICKED UP BY THE COUNTY. RADKE.

AND AGAIN, THIS WAS THE $25.1 MILLION INCREASE IN THEIR BUDGET FOR THE ITEMS YOU CAN SEE HERE. I WOULD NOTE THAT NEARLY 98% OF THAT TOTAL INCREASE SUPPORTED BY LOCAL TAX DOLLARS. WITH THE, WITH THE DIFFICULTIES I NOTED EARLIER WITH STATE, WITH THE STATE AID FOR EDUCATION.

FOR PUBLIC SAFETY. THE FISCAL YEAR 27 BUDGET CAPTURES A NUMBER OF MS ENHANCEMENT RESPONSE ENHANCEMENTS THAT HAVE BEEN APPROVED DURING THE CURRENT YEAR CONTINUES TECHNOLOGY ENHANCEMENTS AND EQUIPMENT PROGRAMS FOR FOR OUR PUBLIC SAFETY TEAMS. ALSO FUNDS THE FULLY FUNDS THE PUBLIC SAFETY TRAINING FACILITY, A 2022 BOND REFERENDUM PROJECT.

AND IT ALSO BEGINS THE ANNUAL AN ANNUAL MAINTENANCE PROGRAM FOR BOTH OF OUR JAIL FACILITIES. TURNING TO MORE OF A CAPITAL LOOK TRANSITIONING MORE TO CAPITAL.

THE TOTAL CAPITAL BUDGET OVER $343 MILLION.

AS AS SHOWN IN THE IN THE DEPARTMENT AND AREAS ON THE LEFT.

INVEST HEAVILY IN MAINTAINING THE CURRENT INFRASTRUCTURE WHILE BUILDING NEW FACILITIES WHERE NEEDED. DOES SO WITH THE VARIETY OF FUNDING RESOURCES AS SHOWN ON THE RIGHT.

WHICH IS A PRODUCT OF DECADES OF PLANNING AND FORESIGHT TO DEDICATE NEW RESOURCES TOWARDS OUR INFRASTRUCTURE NEEDS.

IN, IN THE AREA OF SCHOOLS, A NUMBER OF PROJECTS RECOMMENDED $84 MILLION

[00:10:06]

TOTAL INCLUDES $40 MILLION FOR A NEW ELEMENTARY SCHOOL IN THE FAIRFIELD MAGISTERIAL DISTRICT ALSO INCLUDES A $20 MILLION FOR MECHANICAL FUNDING, WHICH IS IN RESPONSE TO THE NUMEROUS ISSUES THAT OUR SCHOOL SYSTEM HAS EXPERIENCED WITH THEIR HEATING AND COOLING SYSTEMS OVER THE PAST COUPLE OF YEARS.

AND THEN YOU CAN ALSO SEE THE OTHER FUNDING, FUNDING FOR THE OTHER MAINTENANCE PROGRAMS THAT ARE LINED UP HERE ON AN ANNUAL BASIS CONTINUING WITHIN THE CAPITAL BUDGET OF THE $134 MILLION WATER AND SEWER CAPITAL BUDGET, $50 MILLION IS FOR THE WILL GO TOWARDS THE CONTINUATION OF THE NEW WATER TRANSMISSION LINE TO PROVIDE WATER RESILIENCY IN EASTERN HENRICO. THE CAPITAL BUDGET ALSO CONTINUES A NUMBER OF MAINTENANCE PROGRAMS FOR COUNTY FACILITIES, AND ALSO ADDS A NEW ONE FOR THE REPLACEMENT OF THE TURF FIELDS AS AS THEY ARE. COMING ON TEN YEARS OF THEIR THE INSTALLATION OF THE EARLIEST FIELDS. SO STARTING TO LOOK AT REPLACEMENT FOR THOSE AND THEN THE FINAL LOOK AS FAR AS THE CAPITAL NEEDS $36 MILLION OF, OF TRANSPORTATION FUNDING ALL LOCAL FOR TRANSPORTATION AND PEDESTRIAN IMPROVEMENT PROJECTS AND 16.6 MILLION FOR A NUMBER OF ENVIRONMENTAL EFFORTS WITHIN THE COMMUNITY NOW OVER LAST WEEK DURING BOARD'S LINE BY LINE REVIEW OF THE BUDGET THERE WERE A NUMBER OF RECOMMENDED CHANGES THERE.

THOSE ARE LISTED ON THIS SLIDE.

THE GRAND TOTAL OF THE, OF THE RECOMMENDED ADJUSTMENTS WAS JUST SHORT OF 80,000. AND AS A NOTE TO THE BOARD AND PUBLIC, THESE HAVE A NET ZERO IMPACT ON THE TOTAL BUDGET AS THE CORRESPONDING OFFSET WAS JUST AN ADJUSTMENT TO THE MANAGERS RESERVE FOR CONTINGENCIES.

SO WITH THAT, AS A QUICK OVERVIEW OF THE 2017 BUDGET.

I'LL BE HAPPY TO ANSWER ANY QUESTIONS.

AND AS A REMINDER, AFTER THE PUBLIC HEARING AND CONSIDERATION MUST BE DEFERRED.

SO THANK YOU SO MUCH, JUSTIN, FOR THAT PRESENTATION, MR. MANAGER. MR. CHAIR, THAT IS THE PRESENTATION OF THE STAFF.

YOU WANT TO SEE IF THERE'S ANYONE HERE WHO WISHES TO SPEAK TO THE BUDGET OR ONLINE? IS THERE ANYONE THAT WISHES TO SPEAK TO THE PROPOSED OPERATING AND CAPITAL BUDGET IN ATTENDANCE THIS AFTERNOON? IS THERE ANYONE ON WEBEX THAT WISHES TO SPEAK TO THE PROPOSED OPERATING OR CAPITAL BUDGET THIS AFTERNOON? NO, SIR. THERE'S NO ONE TO SPEAK TO THIS ON WEBEX.

MR. CHAIR. SEEING. NO NO SPEAKERS.

AS MR. CRAWFORD MENTIONED.

AND MR. NEWBY, IF YOU COULD HELP ME THE BOARD LEGALLY MUST DEFER ACTION ON THIS ITEM UNTIL THE NEXT BOARD MEETING.

CORRECT. MR. CHAIR, MEMBERS OF THE BOARD, STATE LAW REQUIRES THAT THE BOARD BOARD NOT APPROVE THE BUDGET ON THE SAME DAY AS THE PUBLIC HEARING REQUIRES A DEFERRAL OF AT LEAST SEVEN DAYS. THE RECOMMENDATION IS TO DEFER TO THE NEXT BOARD MEETING ON APRIL 14TH. WOULD THERE BE OTHER OPPORTUNITIES FOR INPUT FROM OUR CONSTITUENTS? WELL, YOU WILL UP UNTIL THE CONSIDERATION OF THE BUDGET ADOPTION PROCESS.

ABSOLUTELY. RESIDENTS CAN EMAIL US ANY BOARD MEMBER THE COUNTY MANAGER THE BUDGET DIRECTOR WITH ANY QUESTIONS OR CONCERNS.

AND WE'LL MAKE SURE IF THEY COME TO STAFF, THAT WE GET THEM TO THE BOARD OF SUPERVISORS.

BUT THE BUDGET IS NOW, IN ESSENCE, IN THE HANDS OF THE ELECTED BODY.

THANK YOU SIR. MISS MADRAS.

NO COMMENTS, QUESTIONS OR CONCERNS TONIGHT.

COLLEAGUES, ANY QUESTIONS OR COMMENTS FROM YOU ALL? ALL RIGHT.

WELL, BUDGET HEARING IS ADJOURNED. WELL, MISTER CHAIR, MISTER CHAIR, I WE HAVE TO DO A MOTION.

IS THAT CORRECT? YES, MISTER CHAIR.

I MOVE TO DEFER THE RESOLUTION 6826 UNTIL OUR NEXT PUBLIC MEETING, WHICH WOULD BE APRIL THE 14TH AT 6 P.M..

SO MOVED. SECOND. ALL THOSE OPPOSED?

[00:15:02]

ALL RIGHT. ALL RIGHT. NOW, MEETING IS ADJOURNED.

THANKS.

* This transcript was compiled from uncorrected Closed Captioning.

1. Pledge of Allegiance

2. Invocation

3. Public Hearing

Mar 24, 2026 Board of Supervisors Budget Hearing

1. Pledge of Allegiance

2. Invocation

3. Public Hearing

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