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Council sets June public hearing for FY2026 budget amendment after expenditures exceed 1% threshold
Summary
Council set a June public hearing to amend the FY2026 budget after staff said expenditures exceeded the approved budget by more than 1%, driven by the park land purchase and a vehicle purchase; staff said the amendment is a pro forma action required by Virginia state code.
Town staff requested the council set a public hearing at the June meeting to consider a FY2026 budget amendment required because the town exceeded planned expenditures by more than 1%.
"By Virginia state code, you are required to amend your budget if your budget goes more than 1% over your planned expenditures," a staff member explained, stating that the recent park land purchase and an approved vehicle purchase pushed expenditures past the threshold. Council voted to set the required public hearing at the June meeting.
