Policy Non-Compliance
Due to the COVID-19 health pandemic and the ensuing economic decline, the Board of Supervisor’s was faced with balancing a budget that included a reduction in revenues, but yet still reflective of the Strategic Plan and the Stafford 2040 vision for the community. Due to strained revenues, the Board set aside the financial policy directions listed below.
Rollback Taxes will be dedicated to the County’s Purchase of Development Rights (PDR)
The County maintains fund balance for future PDR purchases. As the Board continues their commitment to open spaces in the County, the Board may opt in the future to restore this budget in whole. The program will not be negatively affected in FY2022, but the expenditures are budget at less than the projected roll back tax revenue.