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City manager presents $1.27 billion FY2027 budget; council sets public hearings
Summary
City Manager Alan presented the recommended FY2027 operating budget totaling $1,267,000,000, proposing no real estate tax‑rate increase, a $3 million boost to schools, new resident grants and an $18 minimum wage for city employees; council approved public hearing dates and several routine motions 5‑0.
City Manager Alan presented the recommended FY2027 operating budget to the Newport News City Council, saying the proposal ‘‘is based on maintaining the real estate tax rate of a dollar and 18 per 100 of assessed value.’’ The recommendation totals $1,267,000,000 and includes a $3,000,000 increase to the schools’ operating budget and several resident‑facing grant programs.
Lisa Cipriano, director of budget evaluation, told council the budget was built against a background of supply‑chain pressures, inflation and state unfunded mandates. She said the overall average real‑estate assessment increase this cycle is 3.56% and that maintaining the tax rate at $1.18 per $100 of assessed value would generate roughly $16.5 million in additional real‑estate revenue.
The proposal includes…
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