Estimated loss by the numbers/FY15 budget cuts

Estimated losses by the numbers

Job losses

40 people fired from Colonial Downs

300 thoroughbred season positions unfilled

50 employees facing reduced hours

Monetary losses

Colonial Downs: $1.5 million

VHPBA: $800,000

New Kent County: $402,200 (estimated by end of season)

FY15 budget cuts

Due to the loss of revenue from Colonial Downs 2014 thoroughbred racing season, the county has made the following cuts to the FY15 budget:

The elimination of the George W. Watkins Elementary School fuel tank replacement from the Capital Improvement Plan - $175,000

A reduction in additional school funding from $570,000 to $420,000. This is up $50,000 from the proposed budget last month. The $50,000 will most likely be used for Chrome Books/technology initiatives at New Kent High School, said Superintendent Dr. Robert “Rick” Richardson, Jr.

The elimination of the proposed IT Support Specialist, HR Director upgrade, General Services Director upgrade, fire chief salary and benefit adjustment, and assistant county administrator position - $219,269

The change in health insurance benefits for Senior IT Technician - $5,652

Implementing a salary adjustment for General Services Maintenance Supervisor - $4,770

Creating Chief Information Technology Director (from assistant county administrator to IT) - $121,571

Implementing salary and benefits adjustments for Chief Technology Director - $10,000 ($7,883 in salary adjustments and $2,117)

An increase to the debt service transfer (FY17 Reserve) - from $80,388 to $154,586