Budget planning for the 2015-16 school year is underway, and your feedback is an essential part of the process! You are invited to participate in a brief survey concerning Budget Priorities as we prepare the Superintendent’s 2015-16 Funding Request, which will be presented to the School Board in January 2015. The survey will close at 11:59 p.m. on Thursday, December 4. Participate in the survey »
Unlike a for-profit business or a taxing authority, Albemarle County Public Schools generates a very small percentage of our budget; we depend on others to provide the revenue needed to fulfill our mission and deliver value to our stakeholders. In the current budget, approximately 70% of our revenue comes from Local Government, primarily from real estate and personal property taxes. While many localities in Virginia have offset declining real estate values with tax rate increases, most local governments still have not recovered completely from the real estate crash a few years ago, Albemarle County included. Albemarle County is under great pressure to figure out how to finance critical services, like police, fire, libraries, parks, and education.
The current fiscal year required that Albemarle County Public Schools reduce its budget by about $4 million. Revenue projections for next fiscal year do not show an increase sufficient to fund increased health insurance costs, student enrollment growth, or any initiatives needed to advance the school system’s instructional programs.
The Superintendent and the School Board value your participation in this brief survey as they work to develop our 2015-16 budget. Learn more about the 2015-16 budget development process »