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Virginia City council orders staff to treat $310,000 IRRRB allocation as pass‑through or offset after lengthy debate
Summary
After hours of questioning, the council voted to either remove a $310,000 IRRRB revenue line from the general fund or add an offsetting expense for VIDA/project uses, to avoid overstating city revenue. Staff was directed to implement the option before tomorrow’s levy vote.
The Virginia City Council voted on Dec. 22 to direct staff to correct how a roughly $310,000 Industrial‑Recruitment/Regional (IRRRB) allocation appears in the draft 2026 budget, after several councilors said the item is not guaranteed city revenue.
Councilors spent more than an hour debating a line described in the packet as an IRRRB allocation that historically flows through to VIDA (the city’s economic development entity) or is used for project‑specific grants and loans. Councilor Buck Schneider argued the $310,000 “is not money coming into us and being used on our…
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