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Council asks mayor to model FY28 budgets at two tax rates to show impact on residents

Richmond City Council · February 9, 2026
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Council approved a resolution requesting the mayor propose an FY28 budget that models a $1.16 real-estate tax levy and provides comparative estimates for a $1.20 levy so the council can better evaluate tax-relief options before setting the November tax rate.

The Richmond City Council adopted Resolution 20 25 R050 asking the mayor to prepare an annual FY28 budget that recommends a $1.16 per $100 assessed-value real-estate tax levy and to provide…

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