Board of Supervisors
Wednesday, June 25, 2025 · Special meeting
Minutes postedAgendaMinutes, Jun 25
Decided 7
- Approval of the FY26 County Budget
Approved · $49,102,121.00 · Part of the fiscal year 2026 budget
Moved by Long, seconded by Williams
“Motion to approve the FY26 County Budget in the amount of $49,102,121.” (minutes, Jun 25, p. 2)
- Approval of FY26 Tax Rates
Approved · Part of the fiscal year 2026 budget
Moved by Williams, seconded by Long
“Motion to approve the following resolution to set the FY26 tax rates.” (minutes, Jun 25, p. 3)
- FY26 Revenue Anticipation Note
Approved · Part of the fiscal year 2026 budget
Moved by Long, seconded by Fisher
What’s a revenue anticipation note?
A short-term loan a county takes out against taxes it expects to collect. Virginia law allows it this way:
“Any locality may borrow money and issue its notes in anticipation of the collection of the taxes and revenues of the locality for the current year, but the principal amount of the notes may not exceed the anticipated revenues for such year.”
Code of Virginia § 15.2-2629, Chapter 26. Public Finance Act
In the order of the minutes. Each quote opens the minutes where it’s written. Routine votes (approving the agenda and minutes, entering and leaving closed session, adjourning) aren’t listed.