Budget Quick Facts

The Hanover County budget maximizes county resources by identifying cost saving measures and making improvements to the budget process while developing and monitoring the county's annual operating and capital budgets and five-year financial plan.

  Financial Support to Community Organizations

Quick Facts about Hanover County's FY17 Adopted Budget

  • The FY17 adopted budget of all funds is $428.3 million, a 7.7% increase from the prior year.
  • The county’s adopted general fund budget for FY17 is $233.3 million, a 5.0% increase from the prior year.
  • The School operating adopted budget for FY17 is $176.0 million. This is a 2.4% increase from the prior year. 
  • The full-time equivalent (FTE) employees are:
    • County: 1,031.27
    • Schools: 2,503.00
  • Major sources of general fund revenue for FY17 are:
    • Real property tax $101.7 million, a 3.7% increase
    • Personal property taxes $30.9 million, an 9.2% increase
    • Sales tax $20.4 million, a .05% increase
    • State and federal revenues $32.7 million, a 2.9% increase
  • Major general fund expenditures are:
    • Education: $79,529,000; 34.1%*
    • Public Safety: $55,241,551; 23.7%*
    • Human Services: $24,161,419; 10.4%*
    *Major expenditure as percentage of general fund expenditures
  • Tax rates (per $100 assessed value) for CY16 are:
    • Real property $0.81
    • Personal property $3.57
    • Machinery & tools (10% of cost) $3.57
    • Merchant’s capital (10% of market value) $1.90
  • The FY17 capital budget for county and school projects is $27.9 million.
  • Hanover County’s estimated population for 2015 is 105,456.
  • As of January 1, 2016, the median new home sales price in Hanover County is $326,100
  • Hanover County’s estimated school enrollment for September 2015:
    • K-12: 17,776
  • Number of schools:
    • 15 elementary schools
    • 4 middle schools
    • 4 high schools
    • 1 alternative and adult education school
    • 1 career and technical center
  • Hanover County’s Municipal Bond Ratings are:
    • Fitch AAA
    • S&P AAA
    • Moody’s AAA

Title 15.2 of the Virginia Code prescribes budget development for Virginia localities

Community Contributions

All requests for contributions to organizations must be received by the finance department, no later than November 15th of each year for consideration to receive funding that following July. Organizations should detail the services provided to Hanover County residents, indicate an approximate number of residents served, and give an estimated value of those services.

The finance department will be performing a review of all requests to ensure that recipients are eligible based on the Code of Virginia, Section 15.2-953. While the county will be performing a review for eligibility, it is expected that every organization submitting a request has also ensured that they are eligible to receive a contribution from Hanover County.

Recommended funding amounts will be included in the county administrator’s proposed budget that is released in late February. The public hearing on the budget is held in late March and budget adoption is in early April.

All budget requests must be submitted electronically to contributions@hanovercounty.gov