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Richmond Rent Board staff projects higher per‑unit fees as unit count falls and salaries rise
Summary
Staff told the board that a preliminary FY2026–27 budget and unit reconciliation produced a net decline of 429 covered units and that salary and fringe increases from MOUs, combined with fewer units, would raise per‑unit fees under a status‑quo staffing assumption.
At a study session on April 15, Executive Director Fred Tran outlined preliminary FY2026–27 budget assumptions and a reconciliation of covered units that staff conducted after importing data into the city's IMS land‑management system.
Tran said IMS reconciliation showed a net decrease of 429 covered units: "fully covered units" increased by 75 to 7,612 while "partially covered" units fell by 504 to 10,372; the net effect reduces the…
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