The Agenda: Local government briefs for 3.15.21
Chesterfield budget proposal includes increased BPOL threshold
Chesterfield County Administrator Joe Casey presented his proposal for the county’s fiscal year 2022 budget last week.
The $806.8 million general fund features $344.7 million in local funding to the school district, as well as $226.8 million in capital improvements that include $19 million for sidewalk upgrades. The proposed general fund for FY22 is an increase of $84.9 million (11.7 percent) compared to the adopted FY21 budget.
The budget would increase the collection threshold for the business and occupation license (BPOL) tax, upping it to $400,000 from $300,000 effective July 1. In doing so, more than 6,400 small- and medium-sized businesses would be exempt from the tax, according to the county.