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Board adopts revised utility financial policy to base reserves on prior-year expenses
New Kent County Board of Supervisors · February 9, 2026
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Summary
The board adopted Revision 5 of county financial policies to calculate water/sewer fund reserves as 50% of prior-year operating expenses (with a $3 million minimum), freeing modest cash for capital projects and lending flexibility.
The New Kent County Board of Supervisors voted Feb. 9 to adopt Revision 5 of the county’s financial policies, changing the calculation for system reserves in the water and sewer…
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