Henrico Board of Supervisors receives proposed budget for fiscal 2024-25
Plan retains 85-cent real estate rate, supports RECAP program, doubles BPOL exemption, advances bond projects, reinvests in education, safety, employees
Henrico County’s proposed budget for fiscal year 2024-25 would enhance funding for education, public safety and other core priorities while expanding residential and business tax relief, advancing key capital projects and bolstering employee pay, particularly for teachers, bus drivers and other critical, hard-to-fill positions.
The Board of Supervisors on Tuesday accepted the county manager’s recommended plan, kicking off four weeks of review that will include department-by-department presentations in legislative sessions scheduled for March 18-21 and a public hearing Tuesday, March 26. As outlined, the $1.2 billion general fund budget represents an increase of 8.4%, or $97.6 million, over the current year’s plan.
“The FY25 budget focuses on as many priorities as possible within a conservative outlook that maintains flexibility while doing what we must to serve our constituents,” County Manager John A. Vithoulkas said. “It takes care of our employees and maintains the county’s position as a regional pay leader among local governments. It also expands services through a meticulously planned process to enhance the quality of life for residents.”
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