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Council reviews proposed FY2026 budget and hears public comment on proposed 91¢ tax rate; multiple routine motions approved

2820679 · March 28, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

City staff presented a proposed FY2026 budget totaling $164 million and opened a public hearing on a proposed real-estate tax rate of $0.91 per $100 of assessed value.

City staff presented the proposed fiscal year 2026 budget to the Staunton City Council on March 27 and opened a public hearing on a proposed real-estate tax rate of $0.91 per $100 of assessed value.

Budget highlights presented by City Manager Leslie Beauregard and finance staff include: - Total proposed budget: $164,000,000 for FY2026 (all funds). - General fund: $79,600,000 (an increase of about $6.1 million from FY2025). - Proposed local contribution to the schools: increase of about $1,647,852 (about a 9.55% increase to comply with a previously adopted funding formula). - Proposed personnel changes: 3% cost-of-living adjustment for full- and part-time city employees, structural salary adjustments, a 10% projected increase in health-insurance costs (shared equally between city and employees in the proposal). - Capital and infrastructure emphasis: transfer of revenue representing 2¢ of the proposed 91¢ rate to a capital infrastructure account focused first on tunnels that run beneath downtown; staff cited recent tunnel structural issues (Wiley Wilson performing a tunnel survey funded with ARPA) and said these needs increase the urgency to hold flexible funds. - No proposed utility rate increases for FY2026; staff said water, sewer and…

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