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City finance officials outline $729M budget, defend RFCY and encampment spending at RNCC meeting
Summary
Richmond finance staff presented a community budget briefing highlighting a $729 million total budget and a $266 million general fund, defended the Richmond Fund for Children and Youth (RFCY) multi‑year allocation and explained encampment‑resolution grant spending and outcomes during a lengthy Q&A with neighborhood leaders.
City of Richmond finance officials presented a detailed budget briefing to the Richmond Neighborhood Coordinating Council on April 13, saying the city’s total budget across all funds is about $729 million and that the general fund for fiscal year 25–26 is roughly $266 million.
Jerry Guru, accounting manager in the budget and treasury division, told attendees that the city has met its 21% minimum reserves target, has $296 million in grants awarded and about $211 million allocated to capital improvement projects. "The city has a total budget of $729 million across all funds," Guru said as he and Deputy Director of Finance Mubin Carter walked through departmental allocations and the budget calendar.
Why it matters: neighborhood leaders pressed staff on how new and existing revenue will be distributed to community priorities, from public…
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