Albemarle may close FY21 with $13.2M in one-time money
As Albemarle prepares a budget for fiscal year 2023, County Executive Jeffrey Richardson briefed Supervisors on the closing of Fiscal Year 21 at a meeting on November 3, 2021
Like all localities, Albemarle was affected by the pandemic.
“The last 20 months have been unlike any in my professional working career and I probably speak for staff when I say our challenges and the kinds of issues and problems we face are unlike any that we have faced in our career,” Richardson said.
The pandemic began officially in Virginia on March 12, 2020 with the declaration of a state of emergency. That happened just as Albemarle was finalizing the budget for fiscal year 2021. A decision was made to rewrite the budget to pause some spending while more was known about underlying economic conditions. Richardson said staff initially assumed the worst case scenario.
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