Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
County administrator presents early FY2027 forecast showing strong assessed values, but $4M pledged to Tuckahoe Creek debt
Summary
Goochland County staff gave an early FY2027 revenue forecast in January 2026 showing assessed values up about 8% year‑over‑year and projected property‑tax collections near $54.4 million; staff warned roughly $4.0 million of that is effectively committed to the Tuckahoe Creek Service District debt under existing bond pledges.
Goochland County Administrator Dr. Raley told the Board of Supervisors at a January 2026 budget workshop that the county’s January certified assessed value is $10.3 billion and early projections put combined property‑tax collections for the December 2026 and June 2027 cycles at about $54.4 million.
“The vast majority of those dollars come from general property taxes,” Dr. Raley said, explaining staff used a conservative 97% collection index and a 4% assessor forecast for next year to estimate December and subsequent June receipts.
The presentation traced…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
