Powhatan considers a 43-acre industrial development, Richmond’s reviews a 91-unit apartment project, and Henrico provides an update on improvements to Creighton Road. (BizSense Pro required)
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The Agenda: Local government briefs for 4.12.21
Chesterfield approves FY22 budget with BPOL tax exemption increase
Chesterfield supervisors adopted the county’s budget for fiscal year 2022 at their meeting last week.
The budget features an $807 million general fund and level tax rates. It provides $344.7 million in local money for the school district, as well as $226.8 million for the capital improvement program. The budget totals $1.6 billion across all funds.
With the budget’s adoption, the county’s business and occupation license (BPOL) tax exemption threshold increases from $300,000 to $400,000 effective July 1.
The budget also sets the stage for a November 2022 bond referendum, which includes approximately $300 million for expansion and renovation to middle schools, as well as $150 million to renovate and build new county facilities.