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Patrick County supervisors trim capital items, debate reserve use as FY2025-26 budget deliberations continue
Summary
Supervisors debated the proposed FY2025-26 budget, discussed $26.7 million in outstanding debt and a $15.5 million unassigned fund balance, voted on several capital improvements and at least one outside advisory contract, and left major tax questions for further study.
The Board of Supervisors continued multihour deliberations of the fiscal year 2025-26 budget, reducing or removing several capital items, voting on whether to retain a financial adviser contract and debating whether to use reserves to close a projected gap.
County administrator and staff provided updated fiscal context: "As of 07/01/2025, Patrick County total outstanding debt stands at 26,700,000.0. Approximately 71% of that total is attributed to school construction and facility improvements," staff said. The county's unassigned fund balance has grown from $6.4 million in FY2020 (about 13.95% of operating expenditures) to $15.5 million at the close of the most recent fiscal year (about 22.74% of operating expenditures), staff reported.
What the board…
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