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
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