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Chesterfield County staff says $30M surplus will be split; $15M appropriation on consent agenda to offset June 5 tax bill
Summary
A county staff member identified as Mr. Harris told the Chesterfield County board that about $30 million in year‑end surplus funds has been divided into a $15 million one‑time tax credit for the June 5 real property bill and $15 million reserved for capital needs.
A county staff member identified in the meeting as Mr. Harris told the Chesterfield County board that the county set aside about $30 million in year‑end surplus funds and split that amount for two purposes: a one‑time, roughly 5 percent credit on the June 5 real property tax bill and $15 million reserved for capital needs.
Mr. Harris said the board’s consent agenda for tonight includes a straight appropriation of $15,000,000 that would be applied against the June 5 tax bill. He said no public hearing was required for that appropriation and that, if the governor’s budget holds as anticipated, the county should be able to carry out related budget “cleanup work” in May without wholesale changes.
The briefing placed the remaining $15 million on a separate path. Mr. Harris told the…
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