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Chester County projects $18.9 million year‑end general fund balance, forecasts $38.2M revenue for FY2026–27
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Summary
Treasurer Tommy Darby told the Chester County Council at an April 2 budget workshop that current‑year savings and revenue gains leave a projected $18.93 million General Fund balance; the county projects more than $38.2 million in General Fund revenue for FY2026–27, boosted by a higher mill value and FILOT receipts.
Treasurer Tommy Darby presented Chester County’s year‑end General Fund outlook at a budget workshop on April 2, saying expenditures are tracking about $280,695 below budget while revenues are projecting $147,035 above budget, producing a projected General Fund balance of $18,926,019 at fiscal year end.
Darby told the council the county anticipates General Fund revenues for FY2026–27 to exceed $38.2 million. He said increases in the assessed value of a mill — reported in the workshop as a value of $150,367 — together with additional FILOT receipts would add roughly $1.3 million to the revenue budget.
On reserve balances, Darby described the County’s Capital Reserve Fund as projected to be about $5,551,793 in FY2027. He also noted that midyear salary adjustments already recorded in the current fiscal year total roughly $925,000 and are included in expenditure projections.
County Administrator Brian Hester and Darby framed these numbers as the starting point for the formal budget process: the figures will guide department requests and further council deliberations this budget cycle. No formal votes on the county budget occurred at the workshop; the figures were presented for council review and follow‑up.
The council adjourned at 5:25 p.m., ending the workshop; additional budget review steps and public hearings were not specified in the presented portion of the record.