Showing posts from March 9, 2014

Mayor Increases Schools Maintenance Funding, Proposes Parking Enterprise Fund, Rejects Stormwater Increase

Click here to view t he FY15 P roposed Budget on line. Mayor Dwight C. Jones today presented his administration’s FY2015 Budget Amendments and the 5-year Capital Improvement Plan (CIP) for FY 2015 – 2019. The budget was crafted based on current revenue projections, which include revenues from the real estate tax rate, which is proposed to remain the same at $1.20 per $100 of valuation. The total proposed spending plans for the General Fund are $777,340,828 for FY2015 and $237,240,841 for the Capital Improvement Plan. “This is a solid and fiscally conservative budget,” said Mayor Jones. “Consistent with our debt policies, the City’s Rainy Day/Unassigned Fund Balance has grown to 10% of our general fund and Richmond Public Schools state-supported expenditures.” The Mayor also spoke about the city’s intention to absorb increased health insurance costs for City employees who are facing an 8.4% rate increase this year. “This will be the second year in a row the City will absorb all premi

City & Sports Backers Announce New Course for 2nd Annual RVA Streets Alive! Festival on June 21

Mayor Dwight C. Jones and Sports Backers Executive Director Jon Lugbill were joined by City Council President Charles Samuels and Richmond City Health District Director Dr. Donald Stern today in announcing a new course for the second annual RVA Streets Alive! festival on Saturday, June 21. The event will close Brook Rd. from Abner Clay Park to Broad St. and both northbound and southbound lanes of Broad St. from Adams St. to 6th St. from 10 a.m. to 3 p.m. to allow residents and visitors to use these streets to be active through running, walking, biking, and many other physical activities. Vendors will be on-site offering health and fitness information and interactive demonstrations. “This year we are keeping the momentum going and adding to the excitement and growth of the Downtown area while also highlighting our City’s Arts and Cultural District,” said Mayor Dwight C. Jones. “RVA Streets Alive! is one of the many ongoing initiatives that keep our city active and vibrant.” The Mayor’s