Posts

Showing posts from March 4, 2018

Mayor Stoney Delivers Budget Proposal for FY 2019/2020

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 firefightersAn additional $1 million toward the paving program to pave an additional 20 lane miles for the improvement of neighborhood streetsA reduction in the water rate for all single family residential customer…