Explore the Budget
On April 6, 2022 the Board of Supervisors approved the FY2023 Budget and Capital Improvement Program of $905.5 million, effective July 1, 2022. On June 29, 2022 the budget was amended to include $1.1 million in additional funding for Schools, as the State released their final budget, increasing the total General Fund budget to $906.6 million. The FY2023 budget continues the construction plan of the framework established through the Adopted FY2022 Budget. Inclusive of FY2022 amendments, the final FY2023 budget is proposed to increase by approximately $99.6 million million, or 12.3 percent. While Chesterfield has much to be proud of over the last year, we are unwavering in our commitment to our vision to be an extraordinary and innovative community in which to live, learn, work and play.
Understanding how your tax dollar is invested
General Fund, Total Expenditures $906.6 million
Snapshot of the Budget Process
Planning and Preparation
During the summer months, planning efforts begin to prepare for the next budget cycle. Staff is comparing the fiscal year that just ended to the one that is just beginning to identify structural issues that should be addressed in the next cycle. The first part of the budget that begins to take shape during this late summer time frame is the Capital Improvement Program (CIP). Staff is reviewing and evaluating projects for the capital program - to include community facilities, infrastructure projects, land acquisition, major studies, and equipment purchases. Staff also begin to explore project financing capacity and assess how projects connect with community priorities and goals within the County's Strategic Plan and Comprehensive Plan.
Community Engagement and Development
Through the Blueprint Chesterfield initiative, the County engages with the community to learn what is most important to Chesterfield residents and businesses and share information about how to stay connected throughout the budget development process. Consistently, the community confirms agreement with established priorities focusing on education, public safety, transportation, and taking care of existing assets. The community also recognizes the need to address our shifting demographics, alternative transportation options, and revitalizing our older communities.
Revenues, Presentations, and Feedback
Early in the calendar year, real estate property assessments are finalized and the revenue outlook is evaluated. The Board of Supervisors decides what tax rates to advertise and holds a work session to review the projected revenues for the upcoming year. Also, during this time, the School Board approves the school division's operating and capital budgets. The County Administrator will present the proposed budget during a work session with the Board of Supervisors followed by a round of community meetings to review and discuss the plan. In late March, the Board of Supervisors holds public hearings related to the budget. New for FY2023, the county will hold hybrid community meetings for citizen input on the proposed budget. Meetings will be held in the public meeting room and will also be live-streamed on the county's Facebook page, YouTube, and broadcast on the county's television station, WCCT (Comcast Channel 98, Verizon channel 28).
Budget Adoption, Fiscal Year-End
Per County code, the Board of Supervisors must adopt the CIP and Budget before May 1. The Board of Supervisors held a public meeting on April 6, 2022, and unanimously adopted the FY2023 Budget. Closing out the prior year culminates with year-end projections and final adjustments to be approved by the Board of Supervisors.