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Richmond parks officials outline bond plan and new food-and-beverage tax as budget shortfall looms
Summary
Richmond Parks and Recreation leaders told the board the food-and-beverage tax began March 1 and that bond-anticipation financing is planned as staff confront a 2025 revenue shortfall and a requested $350,000–$500,000 budget reduction by 2027.
Richmond Parks and Recreation Board members on March 12 heard administration plans to use new food-and-beverage tax revenues and a bond-anticipation note to address deferred maintenance and capital projects while facing a notable revenue shortfall from 2025.
The park superintendent told the board the food-and-beverage tax “did pass. It was implemented March 1,” and that restaurants and prepared-food providers are collecting the tax. She said the Department of Revenue should distribute the first receipts in May, which the department could appropriate in the budget process or use as…
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