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Newport News manager proposes $1.14 billion FY2025 operating budget; council schedules public hearings
Summary
City staff presented a $1,142,307,554 FY2025 recommended operating budget that holds the real estate tax rate steady and increases the city's school contribution by $3.5 million; council voted 6-0 to set public hearings for April 9 and April 11 and later approved a closed-session motion.
Lisa Cipriano, director of the Department of Budget and Evaluation, presented the city manager's recommended FY2025 operating budget on March 26, describing a $1,142,307,554 plan that keeps the real estate tax rate unchanged and prioritizes schools, public safety, and youth programs.
The proposal preserves the current real estate tax rate "at a dollar 18 per 100 of assessed value," Cipriano said, and recommends a general fund operating budget of $624,000,000, about 2.4% above the revised FY2024 figure. The administration described the overall operating budget as rising roughly 3.4% year-over-year and said the levy is expected to increase about 2.14% because of modest assessment growth.
Why it matters: The recommended budget funds a $3.5 million increase in the city's contribution to schools, a proposed 3% general wage adjustment for eligible…
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