To amend Ord. No. 2024-099, adopted May 13, 2024, which adopted the Fiscal Year 2024-2025 General Fund Budget and made appropriations pursuant thereto, to (i) re-appropriate up to $16,000,000.00 of the Fiscal Year 2023-2024 fund balance excess assigned to the 2024 Real Estate Tax Relief Reserve established by Ord. No. 2024-275, adopted November 12, 2024, (ii) create a new line item entitled “Real Estate Tax Relief - Department of Finance” in the Central Appropriations budget, and (iii) appropriate up to such $16,000,000.00 to such new line item in the Central Appropriations budget for the purpose of returning surplus real property tax revenue to real estate taxpayers in the city of Richmond pursuant to Va. Code § 15.2-2511.1 through a one-time, four-cent rebate.

Committee

City Council

Requested by

City Clerk's Office

Introduced

October 16, 2024

On agenda

October 28, 2024

Passed

November 12, 2024

Where it was heard

City Council Nov 12, 2024 adopted Pass City Council Oct 28, 2024 Governmental Operations Standing Committee Oct 23, 2024 recommended for approval City Council Oct 15, 2024 introduced and referred