The numbers are in: Albemarle County’s proposed FY27 budget totals $724,021,078—roughly $86 million more than FY26. The budget, presented by County Executive Jeff Richardson on February 25, was balanced with no tax rate increases.
In the general fund, the largest expenditure category is education, with $218.3 million slated for transfer to Albemarle County Public Schools. While significant, the allocation falls short of the amount anticipated by the school board and superintendent by roughly $6 million.
The gap between the expected and recommended transfer is a result of the county’s new school funding formula, which ACPS officials were seemingly not aware of prior to the presentation…