Lake Carroll Service District

The purpose of the LCSD is to repair, construct, reconstruct, and maintain the Kennedy Dam which impounds Lake Carroll.

The Lake Carroll Service District was established by Ordinance O17-41 in November 2017. This fund accounts for ad valorem tax receipts from property owners in the Lake Carroll Service District to repay the Stafford County General Fund for a loan of $550,000 to make the repairs. On March 5, 2019, the Board of Supervisors approved a second loan for $237,500 (Resolution 19-59). The loan repayment period was extended to 30 years. The following schedule shows activity in the Lake Carroll Service District Fund. The FY2023 Proposed Budget recommends a tax rate of $0.24 for CY2022. The January 1, 2021 tax rate for the service district is 0.26 per $100 of assessed valuation.