Today Mayor Levar M. Stoney delivered his biennial budget proposal for FY 2019/2020 to City Council.   The proposed $715.2 million budget for the coming year is fully balanced, and all expenses are in line with current revenue projections. “This is a fiscally responsible and lean budget ,   but this plan still manages to continue to invest, and even improve and expand upon our support for targeted priorities in core services, public safety, poverty mitigation and education , ”   said Mayor Stoney. The following are some of the highlights from the proposed budget: Reinvestment of $12.5 million of Richmond Public Schools balances to meet local funding requests for 2019 $3.3 million in funding to continue the salary decompression and step pay increases instituted last year for both police and firefighters An additional $1 million toward the paving program to pave an additional 20 lane miles for the improvement of neighborhood streets A reduction in the water rate for all single