Budget Development and Documents

  1. Budget Development
  2. Current Budget
  3. Budget Archives

Adopted FY2024 Budget

On April 5, 2023, the Board of Supervisors voted to adopt the FY2024 Budget and FY2024-2028 Capital Improvement Program.

The adopted budget (inclusive of all funds) totals $1.9 billion, an increase of $167.4 million (or 9.4%) over the FY2023 Adopted Budget.  

Of the total consolidated budget, the adopted General Fund budget totals $955.3 million, an increase of $48.7 million (or 5.4%) compared to the FY2023 Adopted Budget. Highlights of the adopted plan include:

  • One cent reduction to the Real Estate Tax Rate; proposed at $0.91/$100 assessed value
  • Historic $20 million increase to Schools transfer, bringing the total transfer to $383.8 million for FY2024 and providing funding for a 7% raise in teacher salaries
  • Implementation of Phase II of the General Government Pay Plan, and additional enhancements to the Public Safety Pay Plan including a 10% increase to public safety starting salaries
  • Increased tax relief for businesses, home owners, and vehicle owners

The adopted FY2024 Budget and Capital Improvement Program will go into effect July 1, 2023.

Though the budget development process for FY2024 is now complete, year-round feedback is always valued. Email Blueprint Chesterfield or use our budget feedback form to provide feedback on the budget process.

FY2024 Budget Community Meetings

Chesterfield hosted a series of virtual and in-person meetings for each district. Attendees will hear what's included in the Proposed FY2024 budget and will be able to offer comments, ask questions, and provide feedback. All meetings will be held from 6:30-8 p.m.

FY2024 Documents

January 2023

February 2023

March 2023