Budget Development and Documents

  1. Current Budget
  2. Budget Development
  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, with a subsequent amendment on June 28, 2023.

The final adopted budget (inclusive of all funds) totals $1.9 billion, an increase of $164.2 million (or 9.3%) over the FY2023 Adopted Budget.

Of the total consolidated budget, the adopted General Fund budget totals $951.8 million, an increase of $45.2 million (or 5.0%) 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

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.

Line-Items Details

FY2024 Budget Community Meetings

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

Relevant FY2024 Documents

January 2023

February 2023

March 2023

April 2023

June 2023