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Richmond city manager previews FY 2025–26 budget, flags $48.5M limited‑term funds and asks council for direction
Summary
City Manager Shasa Curl presented a draft FY 2025–26 operating budget and a five‑year capital improvement plan, highlighted a $48.5 million pool of limited‑term revenue and asked council for policy direction on how to use one‑time funds.
City Manager Shasa Curl presented the draft Fiscal Year 2025–26 operating budget and the first year of the city’s five‑year Capital Improvement Plan at the June 3 meeting, asking the City Council for direction before the final adoption later this month.
Curl told the council the proposed general fund revenue for FY 2025–26 is $306.2 million and that the proposed general fund expenditures are $257.7 million. The presentation flagged a separate pool of $48.5 million in limited‑term revenue (one‑time funds) that staff do not recommend using for recurring salary and benefit increases. The materials posed three illustrative options for the council’s consideration: a) delay commitments until after the council recess and further analysis, b)…
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