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Richmond commissioners take first reading of FY2026 budget; general fund appropriations set at about $49.4 million
Summary
City finance director presented the FY2026 budget at first reading, showing $65.3 million in resources and $49.4 million in general fund appropriations; commissioners noted that the budget requires a second reading and publication before adoption.
The Richmond City Board of Commissioners received the first reading of the proposed fiscal year 2026 budget, which the finance director presented with line-item highlights and fund balances.
Finance Director Sharon read the ordinance vernacular and key figures for the budget year beginning July 2025 and ending June 2026. The budget documents as read show estimated general-fund resources of $65,332,004, total general-fund appropriations of $49,437,315 and an estimated ending general-fund balance of $15,894,689 as of June 30, 2026. Other fund highlights included a…
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