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York County CFO outlines budget calendar; warns of federal grant risk and highlights stabilization funds
Summary
CFO Bill Bowen reviewed the FY27 budget calendar, state revenue signals and local fund balances, noted a recommended 2% VRS rate decrease (potential $1.5M benefit if approved), and cautioned about proposed federal cuts that could remove Title II/III funding (approx. $278,000 impact). He said the revenue stabilization fund is about $10.5M and will absorb some transfers to support CIP cash needs.
Bill Bowen, York County Schools' chief financial officer, presented a budget outlook at the Dec. 15 work session that outlined the FY27 calendar and key fiscal drivers. Bowen said the governor's budget release and the General Assembly session in early 2026 will shape K-12 funding for the division.
He highlighted several notable points: the Virginia Retirement System board has recommended a 2% decrease in employer rates that, if approved by the governor and General…
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