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Candidates differ on how Richmond should replace Chevron-driven revenue and use a $550 million agreement
Summary
Candidates stressed both the fiscal importance of Chevron tax revenue (cited as covering as much as 30% of the city budget) and the need to plan for diversification; proposals ranged from protecting refinery jobs to recruiting green manufacturing, port revitalization, and strategic investment of a $550 million agreement.
Discussion of Chevron and city revenue was a central thread of both the mayoral and city council forums. Candidates repeatedly noted the refinery’s outsized fiscal role and debated short‑term protections for jobs versus long‑term economic diversification.
Several speakers referenced a recent $550 million agreement as both a resource and a planning challenge. Mayor Eduardo Martinez and others described using settlement or agreement proceeds to invest in capital projects, extend…
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