Fiscal Year 2025 Budget Timeline Announced In Prince William County

WOODBRIDGE, VA — Prince William County's budget process will begin Tuesday to determine operating budget funding for county services and staff, school funding, the real estate tax rate and more.

County Executive Chris Shorter will present the proposed 2025-2030 capital budget to the Board of County Supervisors at the 7:30 p.m. meeting on Tuesday, Feb. 13, followed by the proposed fiscal year 2025 operating budget at the 7:30 p.m. meeting on Tuesday, Feb. 20. The fiscal year 2025 budget covers the year between July 1, 2024 and June 30, 2025.

For homeowners, the real estate tax rate and real estate tax assessments factor into tax bills. In last year's budget, the Board of County Supervisors approved a tax rate of $0.966 per $100 of assessed value, down from $1.03 per $100 of assessed value in the previous budget.

The county's budget process also determines county funding for Prince William County Public Schools. PWCS Superintendent LaTanya McDade has proposed a $1.78 billion operating budget, which would be $137 million increase from the current year's budget. The school district's budget would fund salary increases and other priorities. The county's revenue sharing agreement provides 57.23 percent of its general fund to PWCS. Nearly half of the PWCS general fund budget comes from county funding.

Following the county's budget presentation, the Board of County Supervisors will hold numerous meetings, including public hearings, on the budget. An interactive Q&A will be posted on the county's budget web page after the budget presentations. All in-person meetings are in the Board Chambers at the McCoart Administration Building, 1 County Complex Court, in Woodbridge.

Key dates in the budget process are:

• Feb. 13: Proposed Capital Improvement Projects for 2025-2030
• Feb. 20: Proposed budget for fiscal year 2025
• Feb. 24: Virtual community meeting at 9 a.m. for residents to see budget presentations and ask questions
• Feb. 28: The county's Planning Commission will review infrastructure projects in the proposed Capital Improvement Projects during a work session at 6 p.m.
• March 12, 19 and April 2: Board of County Supervisors budget work sessions covering specific areas of the budget, each at 2 p.m.
• March 19: Board of County Supervisors public hearing on budget
• March 27: The county's Planning Commission will hold a public hearing at 7 p.m.
• April 2: The Prince William County School Board will present its proposed budget presentation to the Board of County Supervisors.
• April 9: Recap of the proposed budget and public hearings on the budget, tax rates and fees.
• April 16: Board of County Supervisors holds budget markup session to determine final changes they would like to make to the budget.
• April 23: Budget adoption by Board of County Supervisors

Check back on the budget proposal at www.pwcgov.org/budget.