FY 2024 Budget (Upcoming Next Year Budget) 

Overview

The Town’s fiscal year runs from July 1 to June 30 of the following year. The budget, as adopted by the Town Council, is the guide of Town operations for the year, to include funding priorities. The budget development process begins in the fall and is refined over the winter, and the proposed budget is presented by the Town Manager to the Town Council in March. During the subsequent weeks and months, the Town Council will review the proposed budget, make amendments as desired, and adopt a budget prior to June 30. As part of each budget, the Town Council approves a set of taxes and fees to pay for operations throughout the year.

Adopted Budget (Available June 2023)

 

Proposed Budget (Available March 2023)

  • FY24 Town Manager Proposed Budget (Available March 2023)
  • FY24 Town Manager's Proposed Budget Presentation (Available March 2023)
  • FY24 Budget Questions and Answers (Available March 2023)
    • Q&A will be continue to be amended as Questions arise and the Answers become available

Historical Information (Available February 2023)

  • FY22 Financial Trends and Graphs

Key Budget Dates (Subject to Change)

The Town Council will hold a series of special work sessions to deliberate the proposed budget.  Documents, audio, and video recordings will be provided when available.  Meetings and work sessions begin at 7:00 PM.

2022 Calendar Year:

2023 Calendar Year:

  • January, 2023, Budget Work Session - Town Council Work Session - CIP Prioritization and Funding
  • February 14, 2023, Public Hearing - 2023 Personal Property Tax Rates and PPTRA
  • February 28, 2023, Town Council Regular Meeting - Adopt 2023 Personal Property Tax Rates 
  • February 28, 2023, Public Hearing - 2023 Real Estate Tax Rate 
  • March 14, 2023, Town Council Regular Meeting - Adopt 2023 Real Estate Tax Rate
  • March 15, 2023, Town Council Budget Work Session - Town Manager presents Proposed FY24 Budget
  • March 22, 2023, Town Council  Budget Work Session - Review and Discussion of Proposed FY24 Budget 
  • March 29, 2023, Town Council Budget Work Session - Review and Discussion of Proposed FY24 Budget 
  • April 11, 2023, Public Hearing - Budget and Master Tax and Fee
  • April 19, 2023, Town Council Budget Work Session - Long Term Utility Rate Modeling based upon Proposed Budget
  • May 9, 2023, Town Council Regular Meeting - Town Council Adopt FY24 Budget and Master Tax and Fee

Budget Calendar (Subject to Change)

The budget development calendar details the internal schedule of the various tasks that need to take place, on a monthly basis, in order to prepare and adopt the Fiscal Year Budget consistent with the Code of Virginia.

FY 2024 Budget Calendar