York County CFO outlines budget calendar; warns of federal grant risk and highlights stabilization funds

York County CFO outlines budget calendar; warns of federal grant risk and highlights stabilization funds

Virginia / School Districts / YORK CO PBLC SCHS

CFO Bill Bowen reviewed the FY27 budget calendar, state revenue signals and local fund balances, noted a recommended 2% VRS rate decrease (potential $1.5M benefit if approved), and cautioned about proposed federal cuts that could remove Title II/III funding (approx. $278,000 impact). He said the revenue stabilization fund is about $10.5M and will absorb some transfers to support CIP cash needs.

Powered by CitizenPortal.ai