News Flash

Posted on: February 22, 2024

Recent assessment surge followed more than a decade of below-average residential revaluations

Homes in Chesterfield's Hallsley community

Assessments on residential and commercial real estate represent the largest single revenue source for local governments across the United States -- funding schools, public safety, infrastructure and other vital services for their communities.

In Chesterfie...

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Chesterfield on Point - Budget
Posted on: December 13, 2022

Chesterfield's plan for FY2022 surplus focused on tax relief, one-time investments

Chesterfield County Seal

Deputy County Administrator Matt Harris talks to the media about Chesterfield's FY22 surplus.

Mindful of the impact of inflation on household finances, as well as rising assessments for both real estate and vehicles, the Chesterfield Board of Supervisors i...

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Chesterfield on Point - Budget
Posted on: December 13, 2021

Board of Supervisors to vote on budget amendments, allocate surplus

Chesterfield County Seal

Record sales tax collections, conservative budgeting and federal COVID-19 relief funding were key factors that helped Chesterfield County end fiscal year 2021 with a historic $106 million operating surplus.

 At its Dec. 15 meeting, the Board of Su...

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Chesterfield on Point - Budget
Posted on: July 14, 2023

Triple-AAA bond rating will save Chesterfield $20 million on 2022 referendum projects

Money

When America’s “Big 3” ratings agencies reaffirmed Chesterfield’s Triple-AAA bond rating for the 27th consecutive year in May, Standard & Poor’s (S&P), Moody’s and Fitch Ratings concluded the county is on sound footing for the future because of it...

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Chesterfield on Point - Budget
Posted on: June 12, 2023

Pending Bond Issuance Positions Chesterfield to Begin Work on 2022 Referendum Projects

Bensley Elementary School

A replacement for Chester Fire and EMS Station 1 is one of the projects that will be funded with this week's $105 million bond issuance.

Chesterfield will issue about $105 million in General Obligation bonds this week to begin work on a slate of county and...

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Chesterfield on Point - Budget
Posted on: May 3, 2023

With backing from local hoteliers, Chesterfield establishes dedicated funding source for tourism

Kayaking on the James River

River City Sportsplex brings thousands of athletes, coaches and families to Chesterfield annually for tournaments.

Imagine, for a moment, a day in the life of a visitor to Chesterfield. Perhaps they start the day with a hike at Pocahontas State Park, have ...

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Chesterfield on Point - Budget
Posted on: April 7, 2023

Adoption of new ordinance positions Chesterfield to refund surplus real estate tax revenue

Homes in Chesterfield's Queens Bluff neighborhood

Mindful of the ongoing impact inflation and rising property assessments are having on household finances, the Chesterfield Board of Supervisors voted Wednesday to amend county code to permit refunds of surplus real estate tax revenue.

The action applies to...

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Chesterfield on Point - Budget
Posted on: April 5, 2023

Board of Supervisors approves fiscal year 2024 budget, capital improvement program

Meeting of the Chesterfield Board of Supervisors

Local government is a people-intensive operation. From teachers in Chesterfield’s classrooms, to police officers, firefighters and sheriff’s deputies keeping our community safe, to utility workers providing access to clean drinking water, thousands of pub...

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Chesterfield on Point - Budget
Posted on: March 30, 2023

Construction funding for Phase I of Powhite Parkway Extension included in proposed FY24 budget

Powhite Parkway

Since the late 1980s, Chesterfield’s countywide thoroughfare plan has included a dotted line that represents a future extension of Powhite Parkway southwest from its current terminus near Route 288 all the way to Hull Street Road.

Now county leaders are ta...

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Chesterfield on Point - Budget
Posted on: March 7, 2023

The power of 'and': Proposed FY24 budget balances investment in core services, tax relief

County officials address local media about Chesterfield's proposed FY24 budget

Throughout the process of crafting Chesterfield’s proposed fiscal year 2024 budget, county administration refused to settle for either making necessary investments in core public services or providing meaningful tax relief to households and businesses.

The...

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Chesterfield on Point - Budget
Posted on: March 20, 2023

Myth busting: Getting to the facts about Chesterfield's support for public education

A classroom at Robious Middle School

Few topics associated with Chesterfield government are more misunderstood than funding for public K-12 education. As the Board of Supervisors prepares to hold public hearings on the county’s proposed FY2024 budget at its meeting Wednesday evening, we thin...

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Chesterfield on Point - Budget
Posted on: March 6, 2023

Real estate tax rebate in June part of Chesterfield's plan for comprehensive tax relief

A single-family neighborhood in Chesterfield

As they allocate funding for vital services – including schools and public safety – during a period of rapidly rising costs for labor and materials, the Chesterfield Board of Supervisors and county administration remain mindful of the adverse impact that ...

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Chesterfield on Point - Budget