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Charlottesville staff outline FY27 budget and propose reducing proposed 2¢ real-estate tax increase to 1¢
Summary
City staff presented a proposed FY2027 budget of about $280 million and described revenue adjustments that could reduce a proposed 2¢ real-estate tax increase to a 1¢ increase; council scheduled adoption for a Thursday vote and discussed a $2 million school contingency tied to state funding.
City staff presented the proposed fiscal year 2027 budget to Charlottesville City Council and opened a public hearing on the real-estate tax rate.
Staff summarized the budget presented in the packet as about $279.6–$280 million and said revisions to revenue projections (personal-property, sales/use tax, lodging, and other minor adjustments) provided roughly $1.5 million that, combined…
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