HENRICO, VA (WWBT) – Henrico County will make it another year in steady financial shape.
The budget being proposed to the Board of Supervisors Tuesday evening is expected to maintain the real estate tax rate at 87 cents per $100 of assessed value. There are no expected layoffs, nor a reduction in service levels.
In addition to that, County Manager Virgil Hazelett told NBC 12 in January that county departments were asked to trim spending by 2.5 percent in all aspects except personnel.
Henrico has avoided a major budget crisis by previously capping spending increases at 5 percent year after year, including during good economic times.
Following a series of meetings and public hearings, county supervisors will vote on the budget this Spring.