Financial Update - BOS Meeting - December 17, 2025

Chesterfield County Board · December 18, 2025

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53:26

Meeting opening & presenters introduced

Presentation

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Chair introduced a financial update to be presented by Mr. Harris and Mr. Durkin; Durkin said he and Harris would cover FY2025 year-end for county and schools, tax relief updates, long-term liabilities and school bus financing, and FY2027 budget preparations.

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County finance staff reported a FY2025 net surplus of about $3.9 million, proposed earmarking $1.5 million for a Chesterfield domestic-violence resource center, placed several school funding requests on the consent agenda and described a $50 million line-of-credit for school bus financing with an initial $4 million draw.

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