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Finance committee forwards grants, bond refunding and reporting measures to council; continues one ordinance
Summary
The committee voted to forward several ordinances and resolutions to full council with recommendations to approve, including grants for youth services and gun violence prevention, a pump-house roof federal grant, Affordable Housing Trust Fund reporting changes, leave-policy reporting requirements and a $225 million bond refunding; it continued the tax-deferral ordinance to May 20.
At its meeting, the Richmond City Finance and Economic Development Standing Committee voted to forward multiple items to full council with recommendations to approve and took one item under continued consideration:
- Ordinance 20260078 (Item 2): Accept $249,917 from the Virginia Department of Criminal Justice Services; appropriate $117,257 to YWCA Richmond and $132,660 to the Office of the DCAO for human services for violence prevention and intervention services for newcomer, immigrant and refugee youth. Committee vote: Miss Lynch Aye; Vice Chair Jones Aye; Chair Aye — forwarded to council with recommendation to approve.
- Ordinance 20260079 (Item 3): Accept $344,100 from the Virginia Department of Criminal Justice Services to create an Operation Ceasefire special fund for the Office of Gun Violence Prevention (3-year grant, state funds). Committee vote: unanimous recorded 'Aye' — forwarded to council with recommendation to approve.
- Ordinance 20260080 (Item 4): Accept $500,000 from the U.S. Department of the Interior / National Park Service to create a pump house roof replacement special fund (Department of Parks, Recreation, and Community Facilities). Committee vote: unanimous recorded 'Aye' — forwarded to council with recommendation to approve. Staff said the project is estimated at roughly $1,000,000 and this grant covers about half; matching funds are in the city's CIP.
- Ordinance 20260082 (Item 6): Amend city code to require additional annual reporting on loans made from the Affordable Housing Trust Fund (loan performance reporting such as arrears and defaults). Committee vote: unanimous recorded 'Aye' — forwarded to council with recommendation to approve.
- Resolution 2026R013 (Item 7): Request CAO amend city leave policy to modify maximum carryforward and require a written report of operational and fiscal impacts by 06/30/2026. Committee vote: unanimous recorded 'Aye' — forwarded to council with recommendation to approve.
- Resolution 2026R017 (Item 8): Authorize issuance of up to $225,000,000 in public utility revenue refunding bonds; committee vote: unanimous recorded 'Aye' — forwarded to council with recommendation to approve.
- Ordinance 202525282 (Item 1): The committee continued the ordinance (tax-deferral program) to its May 20 Finance meeting so sponsors and staff can refine implementation amendments and produce tighter cost estimates before forwarding any recommendation.
Each forwarded item had a public hearing on the committee floor; no members of the public spoke in favor or opposition for the listed items during the committee hearing. Recorded committee votes were read into the record by the clerk.
