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Williamsburg staff present balanced FY27 draft budget; no property tax increase, 7% utility rate proposed
Summary
City staff presented a roughly $120 million FY27 draft they described as balanced on both operating and capital sides, recommended holding the real‑estate tax rate steady and proposing a 7% increase to utility rates; staff also programmed 13 new FTEs and a 3% cost‑of‑living increase plus up to 2% merit.
City staff on the first day of the FY27 budget retreat presented a draft spending plan of about $120 million and said the proposal is balanced on both the operating and capital sides. The city manager told council the draft assumes continued tourism‑driven local tax collections, planned borrowing for a new library and utility projects, and modest real estate assessment growth.
“The budget we're presenting today is balanced both on the operating side and on the…
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