Operating Budget 2025-2026

GENERAL FUND REVENUES

Adopted/Amended

Manager

% Change

Actual

Budget

Revised

Recommended

From

FY 2023/24

FY 2024/25

FY 2024/25

FY 2025/26

FY 2024/25

REAL ESTATE TAXES

Real Estate Taxes – Current Real Estate Taxes – Delinquent Tax Relief for Elderly/Handicapped

$ 12,373,281 $ 12,400,000 $ 12,836,900 $ 12,998,300

1.3% 0.0%

647,373

430,000 (38,000)

400,000 (28,400)

400,000 (38,000)

0

33.8%

Interest (All Property Taxes)

23,324 64,819

17,000 36,000

21,000 51,000

17,000 36,000

(19.0%) (29.4%)

Penalties

Real Estate Taxes Total

$ 13,108,797 $ 12,845,000 $ 13,280,500 $ 13,413,300

1.0%

OTHER LOCAL TAXES

Local Sales and Use Taxes Consumers Utility Tax Telecommunications Taxes

$ 2,043,091 $

2,400,000 $ 2,400,000 $ 2,688,000

12.0%

910,752 814,847

900,000 810,000

900,000 810,000

900,000 810,000

0.0% 0.0% 8.0% 5.0% 0.0% 0.0% 0.0% 0.0% 0.0%

Meals Tax

7,441,956 2,236,901

7,500,000 2,100,000

7,500,000 2,100,000

8,100,000 2,205,000

Lodging Taxes Cigarette Tax

183,873 790,518

200,000 740,000

200,000 740,000

200,000 740,000

Bank Franchise Taxes

Mobile Home Titling Taxes

0

1,500 2,000

1,500 2,000

1,500 2,000

DMV – Gross Receipts Tax - Rental Cars

Utility Franchise Fees

89,237

80,000

80,000

80,000

Other Local Taxes Total

$ 14,511,175 $ 14,733,500 $ 14,733,500 $ 15,726,500

6.7%

LICENSES AND PERMITS

BPOL – Finance, Real Estate, Professional

$

902,236 $

960,000 $

960,000 $

929,300

(3.2%)

BPOL – Retail BPOL – Other

1,052,880

990,000 70,400 395,000

990,000 70,400 395,000

1,084,000

9.5%

65,052 433,618

67,000 446,600

(4.8%) 13.1% 0.0% 0.0% 0.0% 0.0% 9.9% 0.0% 0.0% (1.3%)

BPOL – Contractors

BPOL – Business, Personal, Repair Service

1,012,459

1,040,000

1,040,000

1,040,000

BPOL – Itinerant Vendor BPOL – Mobile Food Vendor

1,000 1,953

1,000

1,000

1,000

800

800

800

BPOL – Public Utilities Vehicle License Tax

112,551 232,790 129,379 178,936 10,102

112,000 235,000 88,600 250,000 110,000

112,000 235,000 88,600 250,000 110,000

112,000 232,000 97,400 250,000 110,000

Zoning and Subdivision Fees

Building Permits

Engineering Inspection Fee

Licenses and Permits Total

$ 4,132,956 $

4,252,800 $ 4,252,800 $ 4,370,100

2.8%

INTERGOVERNMENTAL REVENUE

Street and Highway Maintenance

$ 4,496,179 $

4,700,000 $ 4,700,000 $ 4,794,000

2.0% 0.0% 0.0% 0.0% 0.0%

Police Reimbursement

1,200,769

1,350,000

1,350,000

1,350,000

Rolling Stock Tax

0

- -

- -

- -

VDOT Revenue Sharing Miscellaneous Grants

-

25,676

56,400

56,400

56,400

Intergovernmental Revenue Total

$ 5,722,624 $

6,106,400 $ 6,106,400 $ 6,200,400

1.5%

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