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City to Receive $1.3 Million Interest-Free Loan From the Virginia Resources Authority

The Virginia Resources Authority announced Thurs., March 30 the State Water Control Board has authorized funding from the Virginia Water Facilities Revolving Fund to the City of Richmond. The funding consists of an interest-free loan in an amount up to approximately $1.3 million. The loan will be used to finance a pilot program to identify the benefits and cost-effectiveness of alternatives to permeable pavement surfaces in city alleyways, and the impact of these alternatives on storm water runoff reduction. “We sincerely appreciate this Virginia Resources Authority loan,” said Mayor Levar M. Stoney. “The pilot program this loan will fund will allow us to better understand what we can do to manage storm water runoff and control water pollution affecting our city.” “This loan will greatly benefit DPU’s ongoing commitment to utilize green infrastructure BMPs (Best Management Practices) within the storm water utility,” s­­aid DPU Director Bob Steidel. “Ratepayers will also see a benefit ...

Mayor Stoney Marks Successful First 100 Days

Watch the “Mayor’s Minute – First 100 Days” here .   Today, April 10, 2017, marks Mayor Stoney’s 100th day in office after being sworn in and pledging to work every day to build One Richmond – a city that works for everyone. The Mayor has hit the ground running, making good on his promise to be engaged in the community and initiate much needed reform focused on the core priorities of improving public education, promoting public safety, creating economic opportunity and fixing City Hall. Mayor Stoney has visited fire stations, police precincts and a third of city schools already, in addition to more than 100 public appearances in his first months in office. He has also joined council members in district walk-throughs or held community meetings in nearly every district. In just the first few months into his administration, the Mayor has won consensus with the School Board and City Council on an Education Compact to address the needs of the whole child, helped attract hundreds of ne...

City Celebrates Mayor and County Recognition Day for National Service

Mayor Levar M. Stoney, along with Henrico County’s Deputy County Manager for Community Operations, Tim Foster, will spotlight the impact of national service in the Richmond region and thank those who serve during a 9 a.m. recognition ceremony tomorrow, Tuesday, April 4, for the fifth annual Mayor and County Recognition Day for National Service. The event will be held at the Eastern Henrico Recreation Center, located at 1440 N. Laburnum Avenue. More than 4,000 mayors and county officials from all 50 states and the District of Columbia, Guam and Puerto Rico will hold public events and use both traditional and social media to highlight the value and impact of national service to the nation’s cities. This initiative is being led at the national level by the federal agency for service and volunteerism, the Corporation for National and Community Service (CNCS), along with Cities of Service and the National League of Cities. The City of Richmond has participated in the Mayors Day of Recogn...

Fitch Reaffirms City's AA+ Credit Rating

Fitch Ratings, one of the three nationally recognized credit rating agencies for municipal governments, published their annual review of the City of Richmond following a visit to their New York office last month by Mayor Levar Stoney, City administration leaders and representatives from the City’s financial advisor, Davenport & Company LLC. Fitch reaffirmed the City’s “AA+” credit rating, which is considered highly rated and one notch below “AAA,” the highest possible rating attainable.  According to Fitch, “The 'AA+' Issuer Default Rating reflects the city's strong operating performance and financial resilience, a solid revenue framework and a liability burden at the low end of the moderate range, all supported by a growing economic base.” Fitch assigned their “aa factor assessment” to the City’s Revenue, Expenditure and Long-Term Liability Burden, while assigning their “aaa factor assessment” to the City’s Operating Performance, citing “The combination of revenue and...

Richmond Selected as Finalist for RWJF Culture of Health Prize

Richmond has been chosen as a finalist for the fifth annual RWJF Culture of Health Prize given by the Robert Wood Johnson Foundation. As a finalist, Richmond is one step closer to the national Prize which honors communities that understand health is a shared value and everyone has a role to play in driving change. “This is truly an amazing recognition as it points to what we have set out to accomplish; a city that works for everyone,” said Mayor Levar M. Stoney. “This selection as a finalist helps reinforce we are moving in the right direction to create a healthy community for all of RVA. We have changed the way we approach public education, poverty and job creation, which enables us to better reach those who need our help the most.” Selected from more than 200 communities across the country, Richmond joins 10 other finalist communities. Winners will be announced this fall. “Building a culture of health in Richmond is not just about physical health, “said Richmond City Health District...

FY 2018 Annual Fiscal Plan Transmittal Letter

Click here to view the FY 2018 Annual Fiscal Plan Transmittal Letter prepared by Mayor Stoney and submitted to City Council today. The letter contains highlights of the Mayor's proposed FY 2018 budget

Phase II of Intermediate Terminal and Riverfront Access Project beginning March 6

Demolition begins Monday, March 6 to remove the 4-foot concrete warehouse foundation for the IntermediateTerminal.and Riverfront Public Access Project. The second phase also includes grading, seeding and refurbishing the Terminal Dock. At completion the dock will be ready to receive cruise ship traffic. Phase II is expected to be completed by June.   Ahead of Phase III, as part of the Riverfront Master Plan, a public meeting will be scheduled in the near future to present conceptual options for the Terminal Dock and Lehigh Property. The improvements at both the Terminal Dock and Lehigh properties are expected to provide public park space and public riverfront access. Phase I, which included structural restoration of the Terminal Dock, was completed last December. The project budget of $2,944,318 is being funded with Capital Improvement funding. For information on city services and schedules, please visit us on line at RichmondGov.com.