District finance staff warns of enrollment-driven revenue drop; Governor’s budget includes one-time bonus and salary adjustments

District finance staff warns of enrollment-driven revenue drop; Governor’s budget includes one-time bonus and salary adjustments

Virginia / School Districts / CHESAPEAKE CITY PBLC SCHS

Chesapeake finance staff briefed the board on Governor Youngkin’s caboose and proposed biennial budget, reporting declining enrollment, an estimated $4.4 million drop in state revenue this year using revised ADM, and a proposed one-time bonus and multi-year salary adjustments that together change projected revenues and compensation costs.

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