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King William supervisors hear budget updates and tax-rate proposal; public raises questions about transparency and reserves
Summary
County staff presented updated FY2026 revenue and expenditure estimates and proposed a modest real‑estate tax increase; residents and supervisors pressed for clearer accounting, reconciliation of reserve balances and details on how new revenue would be spent.
King William County staff presented an updated FY2026 budget and a proposed real‑estate tax increase at the Board of Supervisors’ April 22 meeting, prompting extended discussion and public comment about the county’s financial reporting and reserve policy.
County finance staff told the board that new information increased the county’s projected total revenue to $54,325,389 and raised general fund revenue to $38,842,754. That estimate included an anticipated $569,025 from additional certificates of occupancy if the proposed tax rate change is adopted and applied retroactively, and $32,135 in added…
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