FY 2009-2010 and FY 2010-2011 Mayor Dwight C. Jones presented the 2009/10-2010/11 fiscal budgets to City Council today. The Fiscal Year 2009-2010 general fund budget is proposed to be $629.6 million, a decrease of $28.5 million (4.3%) from the current fiscal year. Fiscal Year 2010-2011 projects a budget of $636.5 million, an increase from the prior year of about $7 million (1%). The second year reflects slight growth, but is still a decrease from the current FY 2008-2009 budget plan. “Our nation is in the midst of the worst economic downturn in some 75 years. In these difficult financial times even tougher choices and belt tightening is called for,” said the Mayor. “Our theme for the next two years will be ‘Making Efficient Decisions in Challenging Economic Times.’ The fiscal plan we are presenting represents a comprehensive spending plan in line with current revenue projections and we will not be dipping into the Rainy Day Fund in the proposed budget. "The good news is that this

Continues Emphasis on Regional Cooperation WHO: Mayor Dwight C. Jones WHAT : Mayor to attend Henrico County Board of Supervisors meeting WHEN: Tuesday, March 24, 2009 at 7 p.m. WHERE: Administration Building, Board Room 4301 East Parham Road Henrico, VA 23273 BACKGROUND: Mayor Jones, in a continued effort to generate regional cooperation, will make his second county visit today at the Henrico County Board of Supervisors meeting. "I want today’s visit to serve as a representation of my continuing commitment to a New Beginning of closer working relationships with the City's regional partners," the Mayor said. The Mayor last month met with the Chesterfield County Board of Supervisors, where he emphasized education and collaboration to address common challenges among school districts. “Our hand of cooperation will remain outstretched to our neighboring counties, as we strive to make Richmond not only a great city but a gr