To amend City Code §§ 12-242, concerning the disposition of calculated general fund surplus and reporting, to require that ten percent of each year’s surplus amount go to a special purpose reserve to support the Richmond Retirement System Total Retirement Fund to fund bonuses for retired members of the Richmond Retirement System and 12-265, concerning special purpose reserves to establish a special purpose reserve fund to support the Richmond Retirement System Total Retirement Fund.

Committee

City Council

Introduced

December 10, 2025

On agenda

March 10, 2026

Passed

March 10, 2026

Where it was heard

City Council Mar 10, 2026 rejected Fail City Council Feb 9, 2026 continued City Council Jan 26, 2026 Finance and Economic Development Standing Committee Jan 21, 2026 recommended for approval City Council Jan 12, 2026 introduced and referred

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