Budget Process

Each year, the county prepares its annual budget. This balanced budget is an estimate of revenues and expenditures for the upcoming fiscal year. It includes projected revenue from all sources and projected expenditures for planned operations and services. To view the county’s past budget documents, please visit here.

After the fiscal year has ended, the county’s annual audit is performed. This process culminates with the issuance of the Annual Audit Report or Annual Comprehensive Financial Report (ACFR), which presents the actual revenues and expenditures for the prior fiscal year and discusses the county’s financial position. The ACFR is also useful in the preparation of the county’s budget in subsequent years as it can be used as a model for future predictions of the county’s revenues and expenditures. To view the county’s past ACFR reports, please visit here.

Fiscal Year 2024-2025 Budget

January 31 

Board of Supervisors and Citizen Budget Advisory Committee Budget Work Session

Fiscal Year 2023-2024 Budget

On June 20, the King George County Board of Supervisors approved the fiscal year 2023-2024 budget, as well as the 2023 tax rates.

The balanced budget for FY 23-24 is $115,383,854, with 54.59 percent of expenditures allocated to public schools and 45.41 percent allocated to general government. Revenues are budgeted to be received from local, state and federal sources, with 1.65 percent utilized from the fund balance. 

This budget cycle includes funding for seven new positions across four departments—three positions in Fire, Rescue and Emergency Management, one in the Sheriff’s Office, two in Parks and Recreation, and one in General Properties. The budget also includes competitive adjustments in salary for school employees and cost of living adjustments for county employees. 

Details on the budget can be found below.

This year’s tax rates are as follows:

  • Real Property              $0.68 per $100 of assessed value,
  • Mobile Homes             $0.68 per $100 of assessed value,
  • Personal Property       $3.25 per $100 of assessed value and
  • Machinery & Tools      $2.50 per $100 of assessed value.

Bills are estimated to be billed by mid-July with an estimated due date of mid-August. Stay tuned for an update with exact dates in the coming weeks. 

For more information on tax rates, please contact the Commissioner of Revenue at 540-775-4664. 

For more information on tax bills, please contact the Treasurer at 540-775-2571.

Budget & Tax Rates Graphics (PDF)

Public Schools

$62,990,934

General Government

$52,392,920

Public Safety

$19,661,747

Debt Service Fund

$7,979,285

Social Services

$6,213,133

Public Works

$3,346,260

Capital Improvement Projects

$2,568,863

Parks & Recreation

$1,686,597

Courts

$1,659,643

Community Development

$1,522,878

Information Technology

$1,333,352

Finance

$1,015,466

Human Resources

$949,503

Administration

$893,944

Library

$809,108

Commissioner of Revenue

$615,620

Treasurer

$437,955

County Attorney

$413,788

Economic Development & Tourism

$371,392

Registrar

$365,523

Health Department

$333,550

Cooperative Extension

$155,313

Miscellaneous

$60,000

Total Budgeted Expenditures

          $115,383,854

Local Revenue Sources

$66,003,115

General Property Taxes

$41,743,937

Other Local Taxes

$11,797,000

Licenses, Permits & Fees

$8,892,284

Charges for Services

$2,430,874

Miscellaneous

$363,500

Use of Money & Property

$315,000

Fines & Forfeitures

$251,250

Recovered Costs

$209,270

State Revenue Sources

$42,743,304

Categorical Aid

$38,159,966

Shared Expenses

$2,293,160

Non-Categorical Aid

$2,290,178

Federal Revenue Sources

$4,733,461

Fund Balance

$1,903,974

Total Budgeted Revenues

          $115,383,854

Pie chart of public school & general government expenditures budget for FY 2023-24 at $115,383,854.
Pie chart by department for general government expenditures budget for FY 2023-24 at $52,392,920.
Pie chart of revenues budget for FY 2023-24 at $115,383,854.

FY 23-24 Budget Timeline & Documents