“Pandemic-era budget” level-funds key services, invests in Marcus Alert, proposes competitive compensation for employees Today, Mayor Levar M. Stoney and administration leadership presented the proposed FY22 budget to Richmond City Council. Despite municipal revenues projected to be nearly $18.5 million less than revenues in last year’s FY21 proposed budget (when excluding one-time funding sources from both fiscal years), the $770.3 million proposal is balanced, with expenses in line with current revenue projections. “The difficult decisions we had to make reflect the extraordinarily challenging economic times we’re in, and while this budget is limited in its ability to provide for new programming, it does protect the work we’ve started to make our city more equitable,” said Mayor Stoney. “Facing the need to do more with significantly less challenged us to look even more closely at how we can allocate the resources we have to produce better results for Richmonders.” With proposed utili...

FY22-26 Capital Improvement Plan proposes significant investments in Enslaved African Heritage Campus, school modernization, vital city infrastructure At the March 4 meeting of the Richmond Planning Commission, the administration presented Mayor Stoney’s FY2022-2026 Capital Improvement Plan (CIP), which proposes significant investments in key priority areas like modern schools, safe city infrastructure and the appropriate commemoration of historic spaces.   The plan proposes the following investments: ·            $28 million for the  Enslaved African Heritage Campus  over the course of five years, which is in addition to a recent allocation of up to $8.6 million, totaling nearly $37 million in future investment; ·            $200 million for  school modernization  in FY24, including proposed funds for a new George Wythe High School; ·       ...

$325 million redevelopment project moves forward   Richmond City Council approved three Ordinances introduced by the Stoney Administration for the sale and redevelopment of the site of the of the existing Public Safety Building.  The city is selling the 3-acre property to Capital City Partners, LLC for $3,520,456 who will then redevelop the site into a $325 million mixed-use project anchored by VCU Health System, The Doorways, and Ronald McDonald House Charities. The negotiated sales price takes into account the developer’s responsibility to demolish the existing building and build public infrastructure that includes reconstructing Clay Street between 9th and 10th Streets. “The sale and redevelopment of the Public Safety Building site is a critical first step to improving downtown,” said Mayor Levar Stoney.  “My Administration was glad to work with City Council and Capital City Partners, LLC to create this great win for Richmond.  The project will aid minority busine...