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Budgets and Taxes
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Agenda for upcoming Norfolk City Council special meeting
2+ day, 7+ hour ago (313+ words) WHAT: Norfolk City Council WHEN: Monday, Sept. 14, 5:30 p.m. WHERE: Norfolk City Council chambers, 309 N. Fifth St. PUBLIC HEARINGS AND RELATED ACTION — Public hearing to review the City of Norfolk’s fiscal year 2026-27 municipal budget. — Public hearing to review the City of Norfolk’s fiscal…...
Norfolk sales tax collections top $5.1 million for police station project
4+ day, 6+ hour ago (634+ words) Work continues on the Norfolk Police Division expansion project. City projections indicate the full $8.833 million designated for the police station project will be collected by the July 2027 remittance. Once that amount has been reached, revenue generated by the sales tax…...
Norfolk secures favorable rate on $3.61 million bond issue for infrastructure projects
4+ day, 7+ hour ago (574+ words) The City of Norfolk has sold $3.61 million in general obligation bonds to fund street, water and sewer improvements, attracting strong interest from institutional investors and securing borrowing costs well below authorized limits. The bonds were sold Aug. 27, with five institutional…...
Portsmouth voters to decide on 1% sales tax
1+ week, 5+ day ago (52+ words) The city of Portsmouth and Portsmouth Public Schools are joining together to announce that Portsmouth voters will have the opportunity in November to consider a 1% local sales and use tax dedicated exclusively to school construction and major renovation projects, including…...
Virginia voters to decide on 1% sales tax for school construction, NoVa transit funding – WTOP News
2+ week, 6+ hour ago (739+ words) Voters in 47 Virginia jurisdictions will weigh a 1% sales tax to fund school construction and modernization costs. In Northern Virginia, the revenue could also support transportation projects. This comes as leaders face funding challenges for aging school facilities and rising demand…...
Norfolk Public Schools approves 5% property tax authority override amid budget uncertainty
2+ week, 6+ day ago (1385+ words) NORFOLK PUBLIC SCHOOLS is expected to keep its property tax levy at 87.62 cents per $100 per valuation. On a $100,000 home, that would be an increase of $3. Shown here is a neighborhood off First Street in Norfolk. The board approved the resolution…...
Winchester to host 4 town halls on sales tax referendum
3+ week, 1+ hour ago (414+ words) The City of Winchester and Winchester Public Schools will co-host four town hall meetings to provide residents with information about an upcoming local sales tax referendum that will appear on the ballot during the November general election, including the early…...
Virginia brings in more revenue than expected, but Spanberger urges caution
3+ week, 4+ day ago (236+ words) Va. (WSET) — Virginia ended the last fiscal year in a stronger financial position than expected, bringing in significantly more revenue than state officials had projected. But Gov. Abigail Spanberger is warning lawmakers not to get too comfortable. Spanberger made the…...