Richmond council meets Monday; budget hearings scheduled
Richmond City Council meets Monday at 1 p.m. for a budget work session and at 6 p.m. in regular session. Agendas available here.
Business on the regular meeting agenda includes the first of two public hearings on the proposed budget, and related fiscal plans and fee schedules, for fiscal year 2021. A second public hearing is scheduled May 11, when council is set to vote on the documents.
Administrators presented the revised plan to City Council earlier this month, reducing revenue projections and expenditures by about 5 percent based on anticipated economic impacts from the coronavirus pandemic. The new plan scraps essentially all new funding that had been included in an initial proposal in March, including a 2 percent employee salary increase and other pay adjustments for police and fire personnel.
Other business on Monday’s agenda includes a code amendment concerning the city’s tax amnesty program to provide for a 2020 tax amnesty period. Most other items on the agenda are to be continued to future meetings.
Business license tax exemption increase on Henrico agenda
Henrico supervisors meet Tuesday at 7 p.m. Full agenda here.
Public hearing items include amendments to county code adjusting various tax amounts and terms, including an increase to the county’s exemption threshold for business license (BPOL) taxes from $400,000 to $500,000, meaning businesses earning $500,000 or less would not have to pay business license tax. Similar increases have been made in previous years.
Ashland weighs $16M budget plan
Town Manager Joshua Farrar presented his proposed budget for fiscal year 2021 at last week’s council meeting. The proposed $16 million plan includes a $9.78 million general fund and a $6.31 million capital project fund. Public hearings on the budget and real estate tax rate are scheduled for council’s May 19 meeting, with a vote to adopt scheduled for the June 2 meeting.
The full budget proposal can be viewed here.
Powhatan board meets Monday
Powhatan supervisors meet Monday at 6:30 p.m. Business includes a presentation on COVID-19 response activities and a public hearing on the proposed schools budget for fiscal year 2021. Full agenda here.
Chesterfield, Goochland adopt fiscal plans
Chesterfield and Goochland last week signed off on fiscal year 2021 budgets that were scaled back from previous proposals due to coronavirus disruptions.
Chesterfield supervisors approved a $723.7 million general fund budget, a $50 million drop from the pre-coronavirus budget proposal. Goochland supervisors likewise approved a smaller general fund budget than county staff first proposed 一 $55.7 million, a $4.1 million decrease from the previous plan.
Both counties slashed new employee positions, capital projects and other expenditures to balance out their budgets amid lower revenue forecasts, particularly in lodging and sales taxes. The amended budgets come as localities look to help businesses weather the pandemic’s effects.