Charlottesville City Council briefed on planning for next year’s budget
Fiscal Year 2023 is just over a month old, but the budget process in Virginia never really stops as local governments seek to provide services. In April, Council adopted a $212.9 million general fund budget that was 10.76 percent higher than the one for the year before. That’s built on increased assessments for both real estate and personal property as well as a one-cent increase in the real estate tax rate. That was the first such increase in several decades.
There are about 30 weeks until whoever is City Manager in March 2023 presents a recommended budget and 36 weeks until Council is expected to adopt their amended document. Council got a briefing this past Monday and learned about some of the factors coming up and some suggested the schedule be moved up. (view the presentation)
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