Opting to continue the county's real estate tax rate at 95 cents, the Chesterfield County Board of Supervisors has unanimously adopted a $1.23 billion operating budget for fiscal year 2010.
The overall budget represents the first decline in years and the largest revenue loss on record with a more than $53 million (about 4 percent) shortfall from the current year.
The county's general fund, used to compensate employees and fund core programs and services, will dip nearly 5 percent from $749.4 million to $715 million.
That will mean cuts for most departments, no pay raises and the elimination of 76 full-time positions. Most of the positions are currently vacant, but the county will still be forced to lay off as many as 20 full-time employees.
The tax rate will mean $2,131 in real estate taxes for the average homeowner based on this year's assessments, which determined the average home value to be $224,286. -- Wesley P. Hester
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