Fiscal Year 2024 Budget
The fiscal year 2024 Budget and Capital Improvement Program, effective July 1, 2023, was adopted by the Chesterfield County School Board on May 9, 2023. The annual operating budget totals $965,191,900.
The fiscal year 2024 budget focuses on three main priorities:
- Recruitment and retention
- Maintaining existing service levels given student growth and inflation
- Critical service level increases
The current year’s budget continues the mission set in recent years, dedicating funds toward continued pandemic recovery, ensuring a stable workforce despite economic uncertainty, and ensuring current service levels are maintained despite rising prices.
The Capital Improvement Program is a five-year plan that is updated annually as part of the budget process and totals $611,945,500 across the proposed timespan. The 2024-28 CIP identifies:
- Six new or rebuilt elementary schools
- A.M. Davis Elementary rebuild
- Bensley Elementary rebuild
- A new western area elementary school
- Grange Hall Elementary rebuild
- A new elementary school in the Old Hundred Road area
- A new Dale district elementary school
- Four new or rebuilt middle schools
- Falling Creek Middle rebuild
- Matoaca Middle renovation
- Midlothian Middle rebuild
- A new western area middle school
- One new high school and one high school addition
- Addition to Thomas Dale High School main campus
- A new western area high school
Note: The General Assembly did not reach an agreement on amendments to the fiscal year 2022-24 budget during the regular legislative session, and as of July 25, 2023, a final revised budget has not been passed by state legislators. The Chesterfield County Public Schools budget is expected to be amended once the General Assembly finalizes the amended state budget.