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County deputy finance administrator previews modest revenue gains as CCPS weighs $22M year-end allocations
Summary
County official Matt Harris told the Chesterfield school board home revaluations are likely to add roughly 3.5%–4% to the tax base heading into FY27, while CCPS finance staff proposed allocating about $22 million in FY25 year-end savings to debt reserve, CTC Hull and technology replacement.
Matt Harris, deputy county administrator for finance and administration, told the Chesterfield County Public Schools board on Dec. 18 that the county's home-value revaluation component is tracking near long-run averages and is likely to be in the 3.5%–4% range as of Jan. 1, 2026.
The projection matters because revaluations are the largest revenue component that feeds both the county and the school division's budgets. "We're coming down off of those double-digit years," Harris said, adding the change represents a return to more sustainable growth.
In a linked presentatio…
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