Board of Supervisors FY25 Budget Work Session

meeting
Loudoun County Board of Supervisors 3h 33m 4 speakers 8 agenda items transcribed 3 days ago official recording ↗
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What is the purpose and agenda of the FY25 Budget Work Session opening?

Phyllis J. Randall 7:18
All right, Amanda, let's do it, ma'am. I guess we're doing it already. well good evening supervisors good evening staff good evening loud and i like to call the order the march 11 2024 loudon county board supervisors public hearing budget work session no budget work session not public hearing public budget work session um board members i'm going to once again stress the importance of the budget work session as the time to offer changes additions and deletions to the budget you should TRY TO OFFER AMENDMENTS AND VOTE IN A WAY THAT YOU'RE GOING TO SUPPORT. WE GET TO THE END. IF YOU HAVE ANY QUESTIONS DURING THE WORK SESSION, PLEASE MAKE SURE YOU TALK TO THE STAFF SO THEY CAN HELP YOU CRAFT YOUR MOTION OR CRAFT PROPOSED BUDGET PRIORITIES WITH STAFF.
Phyllis J. Randall 8:10
WE GET TO OUR FINAL VOTE ON APRIL 2ND. STAFF WILL NOT HAVE TIME TO MAKE LARGE CHANGES TO THE BUDGET. during the meeting and the vote on the budget could be delayed if there are substantive changes that were not discussed and voted upon during the work sessions. Would everybody please join me for the Pledge of Allegiance. I pledge
Unknown 8:31
allegiance to the flag of the United States
Phyllis J. Randall 8:50
I'm cold. Okay, so I'm gonna just, before, I'm gonna get to Ms. Burke in a second, but I'm also gonna just change a few things around today. I'M GOING TO HAVE OUR COUNTY TREASURER, MR. EICHELBERG, PRESENT FIRST AFTER WE DO THE UPDATE FROM MS. BURKE ONLY BECAUSE ALL THE OTHER CONSTITUTIONAL OFFICERS WENT THE OTHER DAY. THEY'VE ALREADY DONE THAT. ELECTED OFFICIAL, IT IS MY PRACTICE TO HAVE ELECTED OFFICIALS COME FIRST. SO UNLESS HE DOESN'T WANT TO, BECAUSE HE LOOKS AWFUL SHOCKED RIGHT NOW, UNLESS HE DOESN'T WANT TO COME FIRST, I'M GOING TO HAVE MR. EICHELBERG PRESENT FIRST TODAY AFTER WE DO THE UPDATE. We have the update from Ms. Burke and it's gonna take a little bit longer than it may otherwise take because there are some thoughts that the staff has had about this budget session.
Phyllis J. Randall 10:00
So Ms. Burke, I will hand it to you, ma'am. good evening i will do a short presentation on the state revenue options for the laden county public schools ahead of thursday's work session but just to recap your packet that went out on friday you'll you have another installment of county budget responses as well as the tote board transmittal and just as a reminder we'll show the tote board after this presentation But the TOE board currently sits at a real property tax rate of 87.5 cents. The board has reduced about $968,000 out of the proposed budget. So turning to the presentation that's on your screens, Mr. Hemstreet and I wanted to provide some additional information about the budget that came out of the House and Senate over the weekend ahead of Thursday's budget work session on the topic of the Loudoun County Public Schools.
Phyllis J. Randall 10:58
If you go to the next slide. So as I said, the General Assembly adjourned over the weekend with a compromise House and Senate budget. Loudoun County Public Schools staff has estimated that there is an additional $19 million of state revenue in the compromise budget. That is $19 million of new state revenue. with no associated required or mandatory expenditures and so while we are happy to hear that that is the estimate from lcps we also have heard strong indications that the governor may not sign this budget and so there are a few options that we want to talk through with the board this evening to provide staff a little bit more guidance of how best to prepare and support your deliberations on thursday next slide
Phyllis J. Randall 11:50
So again, we'd like to have a little bit of a discussion this evening so that we can assist providing written materials to you in your packet for Thursday's wrap-up. We have three options that we think are on the table that might warrant additional board member feedback as we go into Thursday. Next slide. So option one, we're calling, we have a, um some draft option titles so excuse me that they are not um refined at this point but option one we're calling expenditure status quo so this option would assume sorry let me back up before i go into the options so at

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