Tag: Budget

Henrico rolls out more details of proposed budget for fiscal 2023-24

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Highlights include personal property tax rate cut, funding for ’22 bond projects, incentives for hotel development, raises for county and HCPS employees

Update: The Board of Supervisors on April 25 voted unanimously to approve Henrico County's proposed budget for fiscal 2023-24.

Henrico County is outlining more details of its proposed budget for fiscal 2023-24, two weeks after announcing plans to include its second real estate tax credit in two years to help homeowners manage the impacts of rising property values.

Continue reading Henrico rolls out more details of proposed budget for fiscal 2023-24

Henrico approves $1.5 billion proposed budget for fiscal 2022-23

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UPDATE: At its April 12 regular meeting, the Board of Supervisors voted to adopt the budget for fiscal year 2022-23. The spending plan will take effect July 1.

Highlights include 2-cent cut to real estate rate, more tax relief through REAP, 117 positions for public safety, education, $20 million to jumpstart bond projects

Continue reading Henrico approves $1.5 billion proposed budget for fiscal 2022-23

Henrico outlines plan for comprehensive pay adjustments for employees

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Raises for government, HCPS workers would range from 4.4% to more than 14%

Henrico County has detailed a proposal that would provide sweeping salary adjustments for employees of the county’s general government and Henrico County Public Schools, beginning this spring and continuing into fiscal year 2021-22.

Continue reading Henrico outlines plan for comprehensive pay adjustments for employees

Henrico submits framework for revised budget for fiscal 2020-21

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UPDATE: At its May 12 meeting, the Board of Supervisors voted unanimously to adopt the revised budget. Check Henrico's website for full budget details, or watch a series of short videos on the county's YouTube channel.

Reduces $99 million in spending while preserving tax rates, services, positions

Henrico officials have prepared a framework for a $1.3 billion proposed budget for fiscal 2020-21, eliminating more than $99 million in planned expenses due to the COVID-19 pandemic.

Continue reading Henrico submits framework for revised budget for fiscal 2020-21

Henrico revising budgets to reflect uncertainties from coronavirus

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Henrico County officials have begun to brace for significant financial impacts caused by the COVID-19 coronavirus pandemic.

Anticipating sharp drops in revenues from sales, meals and occupancy taxes, officials are preparing adjustments to the current year’s budget and are revising the proposed budget for fiscal 2020-21.

Continue reading Henrico revising budgets to reflect uncertainties from coronavirus

Henrico’s proposed budget would advance core services, economic growth, teacher pay

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The Henrico County Board of Supervisors on Tuesday received a proposed budget for the upcoming fiscal year that would retain the current real estate tax rate while enhancing support for schools and public safety and delivering various capital projects, including an addition to Hungary Creek Middle School, a new elementary school in the Fairfield District and a new, permanent South Station for the Police Division.

The proposed budget for fiscal 2020-21 totals $1.4 billion across all operating funds, an increase of 5.5% from the current year’s plan. The proposed general fund, which supports most governmental operations, totals $962.5 million, an increase of 4.8%. The plan also provides $142.7 million for capital projects in fiscal 2020-21.

Continue reading Henrico’s proposed budget would advance core services, economic growth, teacher pay

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