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From YouTube: Finance Update - BOS Meeting - 6-29-2022
Description
At Wednesday's Board of Supervisors meeting, Deputy County Administrator for Finance and Administration, Matt Harris, Director of Budget and Management, Gerard Durkin and Intergovernmental Relations Administrator Natalie Spillman provided an overview of the finance related topics on the evening agenda. Topics include an economic update; year-end forecasts for the County and Schools; economic development updates; a state legislative overview; and discussion of the resolution for the 2022 bond referendum.
B
Members
of
the
board-
this
is
a
combination
update.
So
a
couple
speakers
here
to
go
through
a
number
of
important
topics.
Is
you
all,
probably
wear
tomorrow's
new
year's
eve,
so
we're
going
to
trip
over
to
a
new
fiscal
year.
So
you
have
some
items
on
your
consent
agenda
relative
to
some
traditional
sort
of
mechanical
adjustments
that
we
make
to
clean
up
for
a
year
and
sort
of
set
those
books.
B
The
bigger
emphasis
is
always
around
sort
of
what
a
potential
surplus
might
be
and
what
those
uses
could
be.
So
we
don't
take
action
on
those
things.
We've
removed
this
model.
We
just
do
that
in
november.
I
think
that
has
worked
better
collectively
for
county
and
schools,
but
we
do
want
to
have
a
conversation
today
about
what
we
think
those
numbers
could
be
and,
more
importantly,
what
are
some
potential
uses
or
investments
of
those
dollars?
We're
seeing
you
know
the
economic
conditions,
certainly
much
different
than
they
were
six
months
ago.
B
Come
back
up
to
talk,
financial
update
on
medival
and
stone
bridge,
which
you
know,
we've
done
every
couple
years,
a
bridge
version
of
that
we'll
talk
a
little
bit
about
the
referendum
and
then
miss
spellman
will
be
up
last
with
some
updates
some
financial
pieces
from
from
the
state
budget
and
some
things
that
came
out
of
that
and
we're
happy
to
have
any
questions
on
any
of
those
topics.
But
if
there
aren't
any
questions
right
now,
turn
over
to
mr
durkin
for
the
first
part
of
the
work
session.
C
D
D
So
I'm
not
going
to
stand
up
here.
You'll
hear
me
talk
about
various
things,
but
I'm
not
prognosticating
a
recession
today,
but
there
are
certainly
some
changing
variables
out
there.
Our
economic
landscape
is
certainly
softening,
as
it
has
compared
to
the
last
few
months.
In
the
last
couple
of
years,
even
looking
at
permits
and
just
housing
in
general,
there
has
been
a
slowdown
in
activities
you
can
see
on
the
chart,
but
that's
not
unique
to
us.
It's
happening
nationwide
this
time.
D
Thankfully,
housing
really
isn't
the
driver
of
any
potential
softening
in
the
landscape,
as
you'll
recall
the
gate
recession.
That
was
really
the
driver,
but
it's
really
just
reacting
to
other
variables
on
the
ground.
You
see
mortgage
rates
now
over
six
percent,
which
has
been
unheard
of
in
at
least
a
decade,
and
then
I
read
an
article
the
other
evening.
D
Actually
that
if
you
had
a
monthly
mortgage
budget
of
about
two
and
a
half
thousand
dollars,
you've
seen
your
buying
power
erode
by
over
a
hundred
thousand,
if
you're
going
to
try
and
buy
a
house
as
to
compare
to
a
few
months
ago.
So,
whereas
a
few
months
ago,
you'd
have
been
able
to
afford
a
500
plus
thousand
dollar
house,
now
you're,
looking
at
just
sub
400.
D
with
that
local
sales
tax.
That
was
the
anomaly
when
the
covered
pandemic
hit.
We
all
expected
it
to
go
down.
It
went
completely
the
opposite
way,
but
again
that
has
been
slowing.
I
presented
as
an
audit
in
finance,
not
a
long
goal,
but
we
have
had
a
second
reading
since
then
you'll
see
that
3.1
percent.
As
of
the
april
reading,
that's
slightly
below
our
pre-pandemic
average.
We
did
anticipate
that
this
growth
would
slow
and
12.
D
Plus
percent
is
clearly
unsustainable,
so
we
have
factored
that
into
our
23
budget
and
our
five-year
plan
moving
forward.
So
we've
kind
of
baked
that
in
already
so
that's
we
knew
it
was
coming,
but
it's
now
started
to
arrive
in
higher
numbers
already
and
then
inflation.
This
is
the
topic:
that's
been
in
everyone's
lips
and
minds
for
the
last
few
months.
D
You
can
see
that
the
growth
has
been
over
eight
percent.
The
last
time
you
saw
that
was
in
the
kind
of
carter
reagan
era.
I
wouldn't
say
they
were
necessarily
you
know
the
apex
of
inflation
yet,
but
we
are
certainly
getting
close.
There
are
a
lot
of
drivers
to
that.
The
high
level
stimulus
in
the
economy
over
the
last
few
years,
certainly
the
low
interest
rates
that
are
now
starting
to
go
up
and
then
kind
of
you
know.
Geopolitical
events
have
happened
in
the
world
over
the
last
few
months.
D
So
with
that
being
said,
the
kind
of
22-year
end
we
adopted
a
budget
of
807
million
made
some
good
investments,
especially
in
the
public
safety
arena.
With
the
pay
plan
we
came
back
in
december.
As
you'll
recall,
we
had
the
kind
of
atypical
100
million
dollar
plus
surplus,
and
we
made
some
really
good
strategic
investments
in
there
in
terms
of
accounting,
contribution
to
the
school,
supplemental
retirement
program
and
land
purchases.
D
So
me
and
my
team
have
been
working
for
the
last
few
months
on
the
projections.
For
year
end,
we
are
seeing
that
the
revenues
are
coming
in
stronger
than
we
had
adopted
for
fiscal
year,
22,
unsurprisingly,
being
driven
by
real
and
personal
property
taxes
and
also
the
sales
taxes
that
I'd
mentioned
before.
D
The
early
implementation
of
the
pay
study,
both
public
safety
phase
two
and
the
general
government
pay
study
the
overtime
costs
associated
with
that
in
the
public
safety
arena,
and
then
the
kind
of
inflationary
impacts
that
we
are
seeing,
and
especially
in
our
contracts
and
buying
materials,
and
then
one
item
worthy
of
note
that
actually
for
the
elderly
and
disabled
working
with
our
commissioner
of
the
revenue
we
budgeted
about
12
and
a
half
million
for
that
program.
This
year.
D
D
So,
as
I
said
before,
you
know
the
year
end
users
of
fiscal
year,
21
we're
really
on
kind
of
strategic
investments.
The
investment
in
the
supplemental
retirement
program
pay
study
reserves,
especially
for
public
safety,
to
ensure
that
compression
doesn't
come
back
and
again,
I'm
moving
out
of
leases,
especially
for
municipal,
solid
waste
containers,
inline
acquisition,
it's
bringing
up
green
add-on
echos,
but
this
year
with
those
kind
of
economic
landscapes,
shifting
moving
to
a
kind
of
more
defensive
posture,
so
that
we
can
ride
through
any
potential
downturn.
D
If
it
may
occur,
we
do
have
to
make
a
mandatory
contribution
to
our
unassigned
fund
balance
trimming
compliance
with
our
eight
percent
policy
level,
the
kind
of
tax
relief
reserve.
We
are
cognizant
of
the
impact
of
personal
property
values
on
everyone
in
the
county.
In
the
last
year
we
are
proposing
to
set
aside
some
surplus
dollars
from
that
into
a
reserve
that
we
could
utilize
in
fiscal
year.
24.,
especially,
values
remain
elevated
or,
as
we
adjust
that
kind
of
tax
really
threshold,
as
you
recall,
you
increased
it
when
it's
been
typically
going
down.
D
So
to
kind
of
you
know,
if
we
go
back
to
that
trajectory,
they
could
have
cushioned
that
decrease
moving
forward.
Now
they
say
textually
for
the
elderly
and
disabled.
Clearly,
a
40
jump
in
one
year
is
unsustainable,
12
in
a
year
or
has
been
the
average
for
the
last
five
years,
arguably
unsustainable.
So
it's
a
kind
of
prudent
move
to
put
some
reserve
monies
into
there
to
making
sure
that
that
program
is
adequately
funded.
D
D
We
are
proposing
to
add
an
additional
five
million
dollars
potentially
to
that
supplemental
retirement
program.
Then
I
can
have
inflation
reserve.
You
know
as
we
built
that
budget
we
weren't
forecasting.
Inflation
remain
elevated
this
long
or
continue
into
the
future
for
quite
a
while,
especially
in
the
cip
side.
So
setting
aside
some
money
from
that
to
ensure
that
those
projects
can
still
move
forward
as
adopted
health
care
increases,
as
you
recall,
last
year's
we
didn't
actually
have
any
increase,
but
working
with
hr,
ms
martin
selby
and
our
team.
D
The
consultant
came
back
with
preliminary
numbers
that
were
higher
than
what
we've
seen
in
the
last
few
years
and
we
have
worked
with
them
to
potentially
buy
down
that
rate
to
a
more
normalized
level
for
employees.
So
that
would
be
an
allocation
here
on
your
end
to
buy
that
rate
down
and
then.
Finally,
if
you
know
economic
development
opportunities
arise
as
we
make
land
purchases
as
part
of
the
upcoming
referendum
to
have
monies
available
so
that
we
can
strategically
take
advantage
of
those
opportunities.
D
They
also
do
have
some
supplemental
retirement
programs,
thanks
to
the
action
that
you
took,
to
invest
into
their
supplemental
retirement
program
that
did
free
up
some
money,
not
only
in
23
and
beyond,
but
this
year
as
well.
So
I
will
walk
through
some
of
how
they
propose
that
their
year-end
position
be
reserved
primarily
through
compensation.
Their
side
of
the
health
care
increase
fund
balance
and
then
some
other
school
needs
this
kind
of
more
detailed
breakdown,
and
you
can
see
that
the
compensation
was
over
three
million.
D
D
D
This
would
be
their
proportional
share
of
buying
down
that
rate
increase
and
then
there's
kind
of
some
ancillary
needs
that
will
be
identified
as
once
the
final
year
in
position
for
them
becomes
known,
but
this
is
just
a
short
list
of
those
potential
uses
there,
and
then
you
have
a
23
update
aside
from
those
two
changes
I
talked
about
in
the
last
slide.
The
one
main
one
was
that
the
state
budget
provides
actually
1.1
million
less
than
what
was
anticipated.
D
However,
our
estimates
were
always
conservative
with
state
revenues
in
particular,
and
we
did
see
that
there
was
some
capacity
on
our
side
for
about
1.1
million
dollar
increase.
So
in
order
to
ensure
that
there
was
that
12
month,
salary
increase
for
the
teachers,
we
worked
with
school
administration
to
be
able
to
identify
that
as
a
source
to
ensure
that
that
remains
whole
for
the
12
months
and
then
the
consent
agenda
item.
D
That's
before
you
this
evening,
kind
of
realigns
that
transfer
from
us
to
them
and
line
into
some
various
line-
item
changes
in
their
budget
and
then
finally,
you
can
see-
and
you
know
it
was
me
as
giving
this
slide-
and
it's
got
some
tiny
font
on
it.
There
is
some
general
the
pay
study,
salary
scales.
You
can
see
the
one
on
the
left
for
fiscal
year,
22
for
a
teacher
with
a
bachelor's
degree
and
then
on
the
right
with
fiscal
year.
D
23,
you
can
see
that
now
with
the
implementation
of
that
teacher
pay
study,
we
are
actually
ahead
in
the
salary
scale
from
year
two
onwards,
and
our
focus,
as
you
know,
has
always
been
the
kind
of
lifetime
earnings
of
the
teachers,
but
with
the
implementation
of
this
pace
study,
we
have
certainly
tackled
not
only
the
lifetime
earnings
component
to
remain
ahead,
but
also
ensure
that
you
know
those
teachers
are
starting
out.
They
are
further
ahead
in
the
first
two
years
here
than
they
are
than
our
pure
localities.
C
D
It
is
an
odd
practice.
I
will
say
it
could
have
been
just
a
balancing
act
on
their
part
with
all
their
different
priorities.
It's
something
that
you
know
certainly
moving
forward.
We
will
be
cognizant
that
it
could
happen,
but,
thankfully
you
know
on
our
side,
especially
with
compensation
board
revenues.
We
always
kind
of
factor
in
some
anomaly
like
that
could
happen,
so
we
certainly
never
put
ourselves
in
that
position.
We
were
caught
off
guard
by
an
action
like
that,
but
it
is
an
anomaly.
A
And
mr
durkin
too,
because
that's
in
the
compensation
board
is
a
ritual
that
it's
not
a
july
first
increase,
usually
it's
december
1st,
but
there
have
been
many
many
years
where
it's
after
december
1st,
it's
never.
Prior
to
december
1st,
and
and
again
I
I'll
go
back
to
the
early
1990s
during
a
recession,
social
services
funding
the
state
cut
off
funding
for
the
month
of
june,
because
it's
a
cash
flow
budget,
not
an
accrual-based
budget
and
they've
never
made
up
that
month
for
30
years.
C
E
Just
had
one
question
on
that
slide,
where
you
showed
inflation
trend
from
the
70s
late
80s,
the
highest
rate
of
inflation
in
7-9.
It
was
about
what
just
over
percent.
As
I
can
see,
there
is
seventy
nine
just
over
fourteen
percent.
Yes,
and
right
now
we're
around
eight
point.
Six
percent,
I
believe,
is
where
we
are
so,
let's
hope
it
never
gets
to
that
point
again
and
hopefully
abates
in
fact
the
inflation,
because
that's
a
big
issue
on
many
citizens,
mine
now
and
certainly
on
a
lot
of
the
things
we're
doing
as
well.
E
So
I
applaud
you
for
the
efforts
and
the
funding
and
the
future
outlook
and
the
ability
to
cash
funds,
cip
and
other
areas
like
that.
That's
a
great,
I
think,
move
and
certainly
it's
a
nice
chart
for
teachers
as
well,
and
hopefully
they
they
are
aware
of
that
and
that's
communicated
so,
but
thanks
for
the
update
and
the
information.
F
Mr
quick
question
on
the
first
slide,
which
showed
the
decline
in
single-family
housing
permits.
That's
based
on.
What's
coming
into
the
our
county,
building
inspection,
correct!
Yes,
okay!
I
guess
what
I
would
be
interested
in
is
what
is
the
applications
from
the
developers
for
new
lot
development,
because
what
I
know
that
happened
last
year,
quite
frankly,
two
of
the
bigger
subdivisions
in
matauka
ran
out
of
lots
to
sell
and
so
they've
had
to
cut
new
lots
in
and
get
them
recorded,
and
so
I'd
be
interested
to
find
out.
F
B
So
the
next
topic
should
be
on
your
screen.
Now,
if
you
pull
that
up
there,
you
go
so
we
have
done
this
periodically
over
time,
taking
a
look
at
some
of
our
larger
economic
development
efforts
as
a
as
a
county
as
an
organization,
and
given
the
recent
decision
upper
mag
and
some
of
the
things
going
on
in
metabolic,
it
was
a
good
time
to
bring
this
topic
back.
B
So
these
are
shorter
versions,
the
one
we
did
in
2018,
but
I
think
it
gives
you
a
nice
update
of
kind
of
where
we
are
on
these
projects
and
also
relevant
with
what
will
be
coming
before
you
in
in
subsequent
months.
Don't
have
an
exact
timetable,
but
with
our
plans
for
spring
rock
green,
I
think
it's
important
to
revisit
and
to
you
know,
before
you
move
forward
with
other
projects.
B
You
know
how
have
you
done
with
efforts
that
are
already
underway,
so
this
is
a
summary
of
stone
bridge
and
you
can
see
the
rendering
there
shown
for
the
amine
property,
which
will
you
know
be
the
the
latest
edition
is
not
included.
I
should
note
in
any
of
the
numbers
that
you
see
here,
so
you
know
if
we
did
this
again
in
three
years,
it
would
only
get
that
much
better.
B
The
first
one
really
speaks
for
itself.
I
think
when
we
embarked
on
this,
you
know.
Many
years
ago
we
had
seen
the
drop
off
from
a
bustling
regional
mall,
to
you
know
really
just
a
dead
property
bottomed
out
there
at
11
million
dollars
and
since
come
back
to
almost
140
million
dollars
of
assessment.
Just
on
that
one
little
piece,
the
former
cleveland
mall
site.
So
we've
seen
a
significant
increase
in
assessed
value
and
a
pretty
large
increase
from
21
to
22..
B
There
is
a
small
multi-family
component
there
in
the
back,
and
that
certainly
has
contributed
to
that,
but
the
rest
of
the
retail
doing
well-
and
this
assessed
value
of
course,
rbc.
We
have
a
partnership,
but
that's
a
county-owned
property
there.
So
that's
not
reflected,
so
you
know:
we've
carved
off
some
for
a
largely
a
municipal
use,
a
partnership
with
rbc
and
we're
still
able
to
you
know,
get
these
kind
of
increases
and
assess
values
and
really
just
the
overall
level
of
assessed
value
direct
tax
revenue.
B
This
is
a
understated
number.
We
don't
you
know
track,
don't
have
as
we've
discussed
before,
all
of
the
avenues
that
we
collect:
taxes
from
this
piece
of
property,
but
almost
two
million
dollars
of
annual
revenues
off
of
this
site
from
sales
and
real
estate
taxes.
So
what
are
we
able
to
do
with
that?
How
does
how
was
this
all
put
together?
It
was
a
fairly
it
took
a
number
of
years
to
to
do
all
this
and
there's
a
lot
of
phases.
B
So
I'm
going
to
simplify
it
in
just
these
few
bullet
points,
but
the
cda
operations.
This
is
really
what's
paying
for
the
redevelopment
infrastructure.
We
went
out
there
and
borrowed
that
to
knock
them
all
down
to
put
in
the
roads,
the
sewers,
the
streetlights,
all
the
things
that
you
see
to
support
that.
So
we
are
what
this
means
the
plus
779
is
after
we
pay
that
annual
debt
service
on
the
infrastructure.
B
We
are
still
almost
800
000
to
the
good
if
you
put
the
land
node
in,
so
we
converted
this
and
we
can
go
through
the
history
if
you
need
to,
but
we
had
a
land
note
that
we
were
paying
as
we
sold
off
pieces
of
property
that
had
a
term
on
it.
We
went
ahead
and
put
that
back
out,
and
you
know
on
an
extended
maturity.
If
you
will
so
it's
not
tied
to
land
sales,
we
just
pay
it
down
on
an
annualized
basis.
B
B
Rbc
pays
half
of
the
note
for
the
day
operations
we
have
a
parks
and
rec
center
there
senior
center,
and
then
we
have
access
at
other
times
for
the
larger
building,
still
forty
eight
thousand
dollars
to
the
good,
and
that
really
wasn't
part
of
the
original
calculus.
Here,
I'm
just
showing
you
the
power
of
what
that
1.8
million
dollars
can
do
so
we
do
all
those
things
plus
basically
pay
for
a
position
somewhere
in
the
county.
B
B
E
Miss
chairman,
I
just
want
to
comment.
I
think
this
is
what
is
a
remarkable
success
story
and,
let
me
just
say
this
2004
eleven
million
dollars
of
assessment,
and
you
know
and
of
course
now,
looking
in
2022
138.5
million,
what
a
tremendous
benefit
this
is
for
justified
for
the
general
fund,
but
more
importantly,
for
the
people
throughout
chesterfield,
and
certainly
in
the
midlothian
district,
where
it's
located.
So
this
is
just
a
tremendous
success
story.
It
shows
that
it
can
be
done,
but
you
have
to
have
the
vision
and
certainly
applaud.
E
You
know
all
who
worked
on
this
economic
development.
Certainly
mr
hart
who's
directed
there
and
and
you
all
the
entire
staff.
I
think
that
should
be
applauded.
You
know
when
you
have
a
success
story,
you
gotta
tout
it
because
you
know
people
tend
to
tout
negativity
more
so,
but
when
you
have
success
and
positivity
or
positive
or
positive
actions
and
activity,
and
especially
numbers
that
are
quantifiable,
I
think
it
should
be
noted
and
said
so.
So
this
is
just
a
tremendous
success
story.
E
Yeah,
I'm
just
waiting
to
see
that
it's
a
beautiful
sight
and
I
think
that's
going
to
be
an
exciting
addition
to
that
which
will
give
a
significant.
I
think
impact
have
a
significant
impact
on
chesterfield
and,
of
course,
you
know
we're
right
there
adjacent
to
richmond
as
well
in
that
area,
so
this
will
be
a
great
success
story.
This
is
like
a
crown
jewel
if
you
will
of
that
project.
So
I
applaud
you
all
for
that.
B
A
Great
story,
mr
harris
I'd
just
like
to
add
again,
while
it's
flagged
as
an
embassy
suites,
it's
not
a
traditional
mb
suites.
This
one
will
have
a
lot
of
convention
conference
space
and
and
there's
a
resort
designation
to
it
because
of
restaurants
and
other
factors
that
make
it
more
than
just
a
hotel
and-
and
mr
harris
may
not
have
alluded
to
it,
but
even
the
11
million
dollars.
F
But
it's
it's
not
just
for
citizens
of
chester
county
because
a
lot
of
people
in
the
city
of
richmond
that
border
chesterfield
are
coming
over
and
shopping
at
the
stores
that
were
provided
in
this
in
the
shopping
center.
And
again,
when
you
look
at
providing
services
to
the
community
in
in
the
middle
of
the
district.
It's
not
you
know.
B
My
last
comment
on
stone
bridge
only
this
this
start
of
this
cda
structure
to
get
this
off
the
ground.
What
I'm
showing
you
here
suggested
financially.
It
is
enough
of
a
success
that
we
believe
we
can
collapse,
that
cda
structure
and
take
that
off.
The
books
would
like
to
probably
bring
that
to
you
sometime
this
calendar
year,
so
just
a
preview
of
common
attractions.
I
think
it's
important
when
we
set
those
things
up.
You
know
they
do
have
a
end
of
life
and
we
intend
you
know
wherever
we
can
to
remove
them.
B
West,
the
westchester
cda
has
been
paid
off.
All
those
improvements
are
done.
That
cda
is
complete.
This
one
has,
you
know,
probably
less
than
12
months
to
go
before
we
can
remove
that
only
leaving
the
mag
green
cda,
which
is
a
unique
situation
and
would
not
really
doesn't
fall
into
these
categories.
It's
not
a
redevelopment
exercise,
so
our
cda
toolkit
would
be
ready
to
go
and
be
able
to
implement
somewhere
else
in
the
county.
I
think
that's
really
important
for
future
opportunities.
B
The
the
second
topic,
we're
going
to
run
through
meadowville,
certainly
been
a
lot
of
focus.
There
in
the
last
month,
or
so
similar
run
run-through
or
some
statistics
you
see,
the
number
of
tenants
has
gone
up
a
good
bit
and
we've
got
some
exciting
things
on
the
horizon,
certainly
with
with
the
announcement
of
lego
taxable
assessment
value,
8.99
million
dollars
all
the
way
up
to
220
again.
This
is
before
any
of
the
announcements
that
you've
been
part
of.
In
the
last
30
days,
over
5
000
jobs
housed
in
the
park
direct
tax
revenue.
B
You
can
see
back
in
2004
under
a
hundred
thousand
dollars
of
annual
revenue
from
the
park.
Now,
in
current
year,
3.6
million
1.6
is
net.
Again
we
have
some
debt
outstanding
there
from
primarily
related
to
the
interchange.
It
was
really
when
this
took
off
putting
that
infrastructure
transportation
infrastructure
in
place
the
park
real,
that's
really
the
modern
life
of
the
park.
B
So,
by
and
large,
as
with
cloverleaf,
we
are
done
with
major
investments
and
developments
in
meadowville,
but
again,
like
cloverly
a
success,
and
I
think
it
really
goes
to
show
why
the
board's
out
there
looking
for
other
opportunities
to
have
some
more
wins
such
as
these
two
projects.
With
that,
I'm
happy
to
take
any
questions
you
might
have.
F
B
Lot,
but
I
think
that's
that's
part
of
the
reason
we're
going
to
do
it
now
before
lego
sort
of
came
in
there.
This
is
what
you've
got,
and
everything
that's
been
talked
about
in
newspapers
is
on
top
of
this,
just
like
the
cleveland
example
before
the
amine
property
comes
out
of
the
ground,
that's
every
that's
a
plus
on
top
of
what
is
we're
already
showing
here
in
this
analysis,
so
certainly
good
news
all
right.
Next,
quick
topic,
the
referendum.
B
You
have
a
consent
item
we
talked
about
this
last
month,
but
just
to
remind
you,
because
you
do
have
a
vote
as
part
of
your
consent
package
tonight
and
all
we
are
doing
with
this
vote
is
petitioning
the
court
to
add
this
question.
That
is
on
your
screen
to
the
ballot
in
november
and
just
a
couple
of
background
items.
As
we
talked
about
last
month,
there
is
no
meals
tax.
B
As
part
of
this,
it
is
a
single
question
to
authorize
us
to
issue
up
to
540
million
dollars
of
geo
bonds
to
support
projects
in
these
categories,
and
this
is
traditionally
how
a
question
will
be
style.
We've
worked
with
the
legal
counsel
to
develop
this,
so
this
would
be
the
single
question:
try
to
make
it
as
as
short
and
as
straightforward
as
we
could.
B
The
team
that's
working
on
this
behind
the
scenes
for
the
county
met
this
morning
and
we
are
well
on
our
way
to
to
putting
together
an
entire
informational
campaign
to
go
out
there
and
work
with
the
community.
We
intend
to
have
an
update
for
you
on
that
at
your
july
meeting.
So
you
know,
just
as
an
update
on
that
part
july
will
really
be
sort
of
a
working
month
for
us
to
kind
of
get
everything
pulled
together.
B
That
still
gives
us
two
months
to
go
out
there
even
before
the
first
ballot
is
cast
and
we'll,
of
course,
continue
to
work
through
the
month
of
october
as
well.
But
we
think
we've
got
a
good
plan
and
I
said
the
teams
put
together.
Schools
has
been
a
good
partner
working
with
dr
tyles
and
his
team,
so
I
think
it
will
be
a
very
you
know:
synchronized
effort
between
two
organizations
to
pull
this
off
but
happy
to
take
any
questions
on
the
question
itself
or
more
broadly,
on
the
referendum.
E
Well,
mr
chairman,
if
I
may,
I
just
want
to
applaud
the
efforts
to
communicate
this.
As
you
mentioned,
a
plan
you'll
be
working
on
over
the
next
couple
months
to
make
sure
that
our
citizens
are
informed
and
therefore
supportive,
because
I
mean
there's
one
two,
three
projects,
as
you
point
out
and
for
parks
and
rec,
is
so
very
important
for
the
county
and
so
to
have
a
good
communications
plan
marketing
plan.
E
B
G
G
Probably
the
most
important
thing,
because
I
don't
think
everybody
understands
that
we
already
have
a
big
component
of
that
built
into
our
budget,
which
is
also
something
that
the
bond
rating
agencies
want
to
see
that
we're
investing
back
into
the
community.
So
I
think
it's
important
that
everybody
understand
that
yeah.
B
We
we're
certainly
going
to
spend
a
bulk
of
the
time
on
the
project
listing
because
we
haven't
done
one
like
this
since
2004.
So
a
lot
of
people
haven't
experienced
this
at
all
so
trying
to
tell
them
exactly
what
we
would
buy
essentially
with
this
540,
but
we
will
quickly
then
transition
to
the
mechanics
of
it.
Make
sure
folks
know
this
doesn't
come
with
new
taxation.
There
is
some
growth
in
debt
service,
but,
as
we
talked
about
last
month,
that's
also
something
the
rate
agencies
look
for.
B
H
H
Since
then,
the
governor's
officially
signed
the
budget
bill
approving
both
the
current
year
caboose
budget
and
the
biennium
budget
this
afternoon,
as
mr
harris
stated,
I'm
here
just
to
share
some
highlights
from
that
state
budget,
specifically
just
some
of
those
topics
that
have
been
recurring
and
things
we've
been
closely
monitoring
throughout
the
process.
So,
on
the
grocery
tax
front,
the
state
sales
tax,
one
and
a
half
percent
will
be
fully
eliminated.
H
Beginning
january,
1st
of
2023
no
impact
the
local
1
percent,
and
I
say
yet
because
I
think
that
topic
will
be
recurring
as
we
go
into
next
session.
So,
as
you
may
recall,
during
the
legislative
piece
as
the
bills
we
reviewed
from
the
house
and
senate
were
amended.
There
was
a
conference
report
that
showed
an
opportunity
for
that
one
percent
to
be
reinstituted
in
a
different
way,
and
so
there
was
some
source
to
be
able
to
ensure
that
localities
were
left
whole.
H
If
we
see
that
language
again,
I
think
we'd
be
comfortable,
seeing
that
one
percent
adjusted
or
you
know
being
considered
again
on
the
table,
so
just
paying
attention
seeing
what
happens,
those
items
were
confirmed.
Excuse
me
conformed
with
the
agreement
that
was
reached
in
the
budget,
so
they've
been
amended
on
the
gas
tax.
That
proposal
was
rejected
to
have
a
suspension
on
the
wholesale
distribution
of
gas
and
diesel
fuel
for
that
three
month.
Period
from
august.
Excuse
me,
july
august
september,
as
well
as
a
rejection
to
cap.
The
future
increases
at
two
percent.
H
However,
just
want
to
make
note
you
know
with
recent
news
from
dc
and
what
the
president
has
put
in
front
of
us
looking
at
taking
a
cap
on
that
tax,
so
it's
kind
of
yet
to
be
determined.
What
that
looks
like,
but
could
potentially
suspend
the
federal
gas
tax
for
three
months.
You
know
this
topic
is
something
that
we're
paying
attention
to.
H
Just
because
it
certainly
if
it
does
then
come
back
to
the
state
could
affect
the
wholesale
gas
and
diesel
fuel
tax,
which
we've
got
all
of
our
interested
parties,
paying
attention
to
as
it
could.
You
know
potentially
again
affect
cvta
funding,
therefore
impacting
transportation
funding,
but
keeping
a
tight
pulse
on
that
on
the
transportation
topic.
H
The
impact
from
the
grocery
tax
does
result
in
a
funding
reduction
of
nearly
195
million
dollars
over
the
biennium,
with
no
replacement
revenues
identified,
so
the
largest
reduction
was
in
vdot
around
156
million
over
that
biennium
period,
impacting
construction
funding
not
proposed
to
impact
maintenance
funding.
You
know
that
said,
while
it's
not
a
long-term
solution,
but
certainly
not
an
insignificant
funding
source.
H
The
bipartisan
infrastructure
law
is
offering
some
additional
monies
to
the
state
for
surface
transportation
projects,
whereas
the
state
would
take
a
direct
receipt
of
1.6
billion
in
additional
funding
formula
formula
funding
to
virginia
transit
agencies
receiving
about
640
million
in
additional
funding
over
the
next
five
years.
So
there
is
a
chance
to
partake
in
some
of
that,
as
we
continue
to
figure
out
what
else
that
looks
like
in
the
future
for
transportation.
H
Funding
just
want
to
make
note
of
the
54
million
in
each
year
of
the
biennium
that
was
invested
for
virginia
business,
ready
site
program
funds
supporting
key
economic
projects
across
the
commonwealth.
Mr
durkin
discussed
with
you
some
of
the
major
things
that
we
saw
in
the
budget
related
to
education
in
schools.
Just
want
to
reiterate.
You
know.
H
There's
additional
funding
in
the
governor's
proposal
that
was
approved
could
have
some
indirect
effect
for
chesterfield
still
going
to
examine
this
further
with
security
positions
added
at
state-operated
mental
health
facilities,
whereas
you
know
having
more
security
around
those
facilities
could
potentially
have
some
ancillary
effect
for
us
by.
You
know
better
staffing
opportunities
at
those
facilities
potentially
more
beds,
yet
to
be
determined,
but
you
know
we're
hopeful
that
that
could
have
a
positive
effect.
H
The
budget
also
approves
some
policy
language
on
various
topics,
including
criminalization:
charges
for
cannabis,
regulations
on
hemp
products
and
changes
to
the
eligibility
eligibility
requirements
for
earned
sentence
credits
that
was
developed
in
legislation
passed
two
years
ago.
So
there's
some
other
items
that
have
come
out
of
the
budget,
not
traditional
funding
related.
But
you
know
things
that
we're
also
having
to
pay
attention
to
general
assembly
is
scheduled
to
reconvene
in
early
september.
That
would
close
out
the
2022
special
session.
There's
a
couple
of
outstanding
items,
including
judgeship
appointments.
H
Some
of
that
included
modifying
the
soq
funding
formula,
increasing
the
jail
per
diems,
amending
the
tax
code
to
ensure
that
greater
richmond
convention
center
was
covered
appropriately
and
effectively
defending
some
of
our
autonomy
and
ability
to
administer
locally,
as
it
related
to
things
like
people
and
asking
for
referendum
on
taxes.
So
over
the
next
30
days,
I'll
be
setting
up
meetings
with
each
of
you
all
to
start
discuss
what
that
next
2023
legislative
program
looks
like
topics,
priorities
things
that
we
need
to
be
discussing.
H
C
Natalie's
done
a
great
job,
your
first,
your
first
general
assembly
session,
you've
made
it
through
and
obviously
no
locality
made
it
unscathed
through
the
budget
cycle,
but
that's
not
rare
or
uncommon.
So
no,
but
we
really
appreciate
how,
on
top
you've,
you've
stayed
on
every
issue
and
you've
been
very
informative,
and
I
was
just
speaking
with
someone
today,
one
of
those
one
of
the
things.
That's
really
you
just
briefly
mentioned
there
at
the
end.
That's
that's
really
important.
C
That's
going
to
have
an
effect
on
a
lot
of
jurisdictions
is,
is
the
the
number
of
of
inmates
who
are
going
to
receive
those
the
service
credits
and
get
out
early.
It's
a
very
significant
number
of
people
being
released
from
virginia
institutions,
and-
and
so
it's
something,
certainly
something
for
us
to
keep
an
eyeball
on,
as
we
have
all
of
our
departments
working
on
various
topics
that
that
might
impact.
So
anyone
else
have
any
comments.
Mr
holland.
Yes.
E
Mr
chairman,
thank
you.
I
just
want
to
applaud
you
for
the
outstanding
job
you
did
this
year.
It's
a
lot
of
work
and
I've
noticed
and
watched
it,
and
I
just
applaud
your
efforts
there
and
and
working
with
a
new
general
assembly
in
some
respects
and
new
governor
as
well.
So
a
lot
of
new
things
happening
there,
and
I
applaud
that
and,
as
you
mentioned
earlier,
I
think
the
president
informed
us
that
he
wants
to
do
a
gas
tax
holiday
and
understand
now
that
you
know
we
didn't
get
that
done
in
the
state.
E
You
know,
based
on
my
thought,
I
was
supported
the
governor
in
that
regard
and
and
supported
that
holiday
for
three
months.
I
thought
that
was
a
reasonable
thing
to
do
so.
I
understand
the
reasons
for
not
doing
it
too,
but
I
think
it
would
have
been
a
good
thing
to
do
now
that
we
see
the
president
is
trying
to
do
that,
implement
that.
So
I
just
want
to
applaud
you
again
for
the
outstanding
work.
You
did
a
tremendous
job
and
thank
you
for
all
your
hard
work.