Virginia’s fiscal year ends on June 30 of each year and localities follow along with their own budget cycles. December is the time when local finance officials present the results of an annual audit of the previous year’s books conducted by an external firm.
Albemarle Supervisors got to see a look at their meeting on December 10, 2025. (download the report)
“The total revenues for the general fund for fiscal year 25 is $458 million with the majority of our revenues in personal property taxes at $308 million,” said Shenandra Usher, Albemarle’s assistant chief financial officer. “This consists of real estate, personal property, mobile homes and machinery and tool taxes.”
Virginia law requires localities to have a balanced budget so Albemarle also had $458 million in expenditures. Of that, $213 million went to the school system and $69 million went to public safety…