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Williamsburg council trims FY26 budget, weighs admission tax and library plan
Summary
City Council reviewed a revised FY26 draft budget reduced to about $103 million, proposed new revenue measures including an admissions tax and utility rate increase, and left the long-term decision on a new downtown library for later public input.
Williamsburg City Council members on May 5 reviewed a revised FY26 draft budget that officials say has been pared down to about $103 million after multiple rounds of reductions and is still likely to include new revenue measures if council adopts it Thursday.
City staff presented the budget and the line-item changes to council and the public. The proposed plan reduces the original $112.3 million request through about $22.8 million in capital project cutbacks, two rounds of expenditure reductions ($1.9 million and $1.3 million), and staffing freezes. City staff said the draft also repurposes $5.5 million in CARES/COVID relief funds and $1 million in reserves to help balance the capital improvement plan (CIP).
The presentation put the revised total at roughly $103,000,000 across six funds. City staff described three potential revenue actions that would not take effect until mid-year if adopted: a 1.5% increase in the real estate millage (estimated to produce about $1.2 million), a 2% lodging tax increase…
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