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Richmond council adopts FY2020 operating budget
Summary
After a Finance Committee work session, the Richmond City Council adopted the fiscal year 2020 operating budget on Sept. 10, 2019 (Bill 19-19).
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The Richmond City Council adopted the FY2020 operating budget on Sept. 10 after a Finance Committee review and a council work session. Finance Director Rebecca Hoeflicker presented the budget highlights and the council approved the annual operating appropriations on first and second reading.
Council members emphasized the budget's focus on capital needs (streets, water and wastewater projects), personnel continuity and maintaining fund balance targets. The meeting minutes indicate the Council passed Bill 19-19 by a unanimous roll-call vote (7–0).
The adopted budget serves as Richmond’s financial plan for Oct. 1, 2019 through Sept. 30, 2020 and guides departmental operations, capital projects and reserve policy for the fiscal year.
