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Chesapeake council adopts FY 2025–26 budget; council approves TIF transfers and tax changes, adds funding for victim‑witness program
Summary
Chesapeake City Council approved the FY 2025–26 operating and capital budgets on May 13, adopting tax and TIF actions and adding a $200,000 one‑time supplemental appropriation for the sheriff’s Victim‑Witness program.
Chesapeake City Council approved the fiscal year 2025–26 operating and capital budgets and a series of related tax and funding measures during its May 13 meeting.
The council voted unanimously to set the city tax levy for the fiscal year beginning July 1 and to adopt the operating budget and appropriation ordinance. The council also approved transfers of declared surplus balances from two tax‑increment financing (TIF) districts — $4,860,912 from the Greenbrier TIF and $5,701,880 from the South Norfolk TIF — to the general fund.
Councilmembers also approved an ordinance increasing the flat transient occupancy collection from $1 to $2 per night and directed the revenue from that increase into the conference center special revenue fund. Separately, council established a 0.5 percent dedication of meal tax revenue to the city lockbox in support of…
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