Posts

Showing posts from May 22, 2011

Mayor Comments on FY 2012-2013 Biennial Fiscal Budget Passage

Richmond City Council passed the city’s 2012-2013 Biennial Fiscal Plan and Capital Improvement Plan (CIP) during its formal meeting tonight. Mayor Dwight C. Jones has provided the following comments on the budget’s passage: "I thank Richmond City Council for working with my team in reviewing and passing the city’s 2012-2013 biennial budget. Richmond City Council has kept changes to my proposed budget to about 1/10 of one percent for the third year in a row; representative of how we are working together to benefit City residents. This budget is sustainable and is structurally balanced. The enormous costs of the country's financial crisis and lagging economy have continued to force hard choices, but for the third consecutive year, we have not raised taxes, there have been no furloughs or layoffs, and we have not interrupted core services. “This budget continues our commitment to education as $124 million is included for schools, plus an agreement that the School System will ke