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Staunton proposes 91 real-estate rate to fund infrastructure, COLA and court separation costs
Summary
City staff presented a FY26 budget proposing a 91 per $100 assessed value real-estate tax rate, funding a 3% cost-of-living increase for employees, an infrastructure reserve focused on tunnels under the wharf, and higher transfers for schools and regional human services.
City staff presented the proposed FY26 operating and capital budget to Staunton City Council on April 10 and recommended a real-estate tax rate of $0.91 per $100 of assessed value to fund a range of needs, including an infrastructure reserve tied to deterioration beneath the Wharf and a 3% cost-of-living adjustment for city employees.
"The proposed budget has a tax rate of 91 in addition to the assessment increases," a city budget presenter said, adding that the general fund portion of the budget is roughly $79.6 million. Staff explained the all-funds total of about $164 million appears large because…
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