Board of County Supervisors Adopts FY2027 Budget and Reduces Real Estate Tax Rate
PRINCE WILLIAM COUNTY, VA – The Board of County Supervisors adopted the Fiscal Year (FY) 2027 Budget, five-year fiscal plan and the FY2027-2032 Capital Improvement Program during their meeting on April 21.
Guided by the county’s Strategic Plan, the adopted budget reduces the tax rate while prioritizing education, public safety, mobility, infrastructure, environmental sustainability and quality of life.
FY2027 Budget Highlights:
Tax Rate Adjustments - The Board reduced the real estate tax rate from $0.906 to $0.865 per $100 of assessed value, which is a decrease in the average residential tax bill of $56. The Board also adjusted the personal property computer equipment and peripherals tax rate from $4.15 to $4.50 per $100 valuation.
Education - The budget includes a $1.1 billion transfer to Prince William County Schools, a 12.5 percent increase or $123.5 million more than FY2026, maintaining the County-Schools Revenue Sharing Agreement. The county also provided additional funding to the schools for class size reduction and school security, as well as debt service for Gainesville High School.
Environment - Funding is included for watershed restoration, solid waste infrastructure and a position in the Office of Environmental Sustainability.
Mobility - The budget fully funds OmniRide’s local subsidy request at $29.9 million and supports the Transportation Improvement Program, providing resources for small-scale projects in magisterial districts that improve connectivity and reduce congestion.
Quality of Life and Smart Growth - A $5 million contribution to the Affordable Housing reserve fund brings total investments to $21 million from FY24–FY27, supporting the development of affordable housing across the community.
The budget also increases Parks and Recreation capital investment by $20 million to enhance existing parks and expand access to recreational amenities, including new trails, playgrounds and community spaces.
The Board also included a one-time $1 million contribution to the Purchase of Development Rights Program (PDR) for the preservation of undeveloped land, as well as a one-time $5 million contribution to a new revitalization/redevelopment/assemblage fund associated with economic development, revitalization and assembling land parcels for economic redevelopment.
Safe and Secure Community - The budget allocates $4 million annually for Fire and Rescue station renovations and $12 million annually for emergency vehicle and apparatus replacement. It also funds 85 positions across Fire and Rescue, Police, Sheriff's Office and the Commonwealth's Attorney's Office to strengthen public safety services. It also provides $1 million for expanded firefighter medical physicals to help early detection of certain illnesses.
Service Delivery - An annual investment of $5 million in technology infrastructure will enhance cybersecurity, modernize systems and improve the accessibility and reliability of county services for residents. Also included in the budget is increased funding for the Competitive Community Partners Program, a grant opportunity for non-profits that provide services or programs for the residents of Prince William County, as well as a one-time $2 million contribution to Lunera Health Services.
Capital Improvement Program (CIP) - The FY2027–FY2032 Capital Improvement Program includes a six-year, $1.6 billion investment in facilities, infrastructure, public safety, parks and environmental projects.
Contingency - The Board allocated $5 million to contingency funding to offset potential impacts from federal and state decisions, such as Medicaid, Supplemental Nutrition Assistance Program (SNAP) and the Urban Area Security Initiative (UASI), that could either eliminate or reduce revenue to the county.
Fees – The Stormwater Management Fee increased by $13.45 for single-family and by $10.08 for townhouses, condominiums and multi-family units to support the county’s Municipal Separate Storm Sewer System (MS4) permit and meet required reductions in nitrogen, phosphorus and sediment by 2028. The Solid Waste Fee also increased by $9 for single-family, $8.10 for townhouses and $6.01 for multi-family units to help extend the landfill’s lifespan, including funding for Phase IV infrastructure starting in FY2027.
The county’s fiscal year runs from July 1 through June 30.
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