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 (PDF)

Quick Facts About Hanover County's FY19 Adopted Budget



  • The FY19 adopted budget for all funds is $463.1 million, a 5.1% increase from the prior year.
  • The county’s adopted General Fund budget for FY19 is $252.4 million, a 4.6% increase from the prior year.
  • The Schools Operating Fund adopted budget for FY19 is $185.3 million. This is a 2.4% increase from the prior year.
  • The full-time equivalent (FTE) employees are:
    • County:             1,085.77
    • Schools:            2,502.55
    • Public Utilities:  94.00
    • Airport:              1.00
    • Self-Insurance: 1.00
  • Major sources of General Fund revenue for FY19 are:
    • Real property tax $111.9 million, a 3.9% increase
    • Personal property taxes $36.4 million, a 7.7% increase
    • Sales tax $22.5 million, a 6.3% increase
    • State and federal revenues $33.7 million, a 3.3% increase
  • Major general fund expenditures are:
    • Education:               $86,616,000; 34.3%*
    • Public Safety:          $60,074,518; 23.8%*
    • Human Services:     $25,809,598; 10.2%*
  • *Major expenditure as percentage of General Fund expenditures

  • Tax rates (per $100 assessed value) for CY18 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 FY19 capital budget for county and school projects is $39.1 million.
  • Hanover County’s estimated population for 2017 is 108,706.
  • Hanover County’s estimated school enrollment for September 2018:
  • 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