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Brian Wheeler, Director of Communications
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wheelerb@charlottesville.org

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Charlottesville City Council approves FY 2020 budget

Post Date:04/08/2019 7:13 PM
City Seal
Media Contact
Brian Wheeler
Director of Communications
434-970-3129
FOR IMMEDIATE RELEASE
April 8, 2019

Charlottesville City Council approves FY 2020 budget

CHARLOTTESVILLE, VA -At a special meeting held April 8, 2019, Charlottesville City Council approved the FY 2020 budget, tax rate and vehicle tax relief programs.

City Council voted to:

  • Establish the 2019 tax year Vehicle Tax Relief Percentage (1st of 1 reading)
  • Set the Annual Tax Levy for 2019 (2nd of 2 readings)
  • Approve the Annual Budget Appropriation for FY 2020 (2nd of 2 readings)

Total general fund expenditures in the FY 2020 budget are $188,863,920 and balanced to general fund revenues of the same amount. This represents a 5.08% increase from FY 2019. Council also approved a FY 2020 Capital Projects Fund budget of $35,400,151. City Schools will receive a local contribution of $57,366,623. In addition, City Schools will receive $1.25 million a year in an unallocated fund that the schools can use for priority capital improvement initiatives of their choice, over $1.9 million for general capital improvement dollars and HVAC replacement funds a year and $3 million in pre-construction funds for the schools reconfiguration project.

In the FY 2020 Adopted Budget, the Meals Tax rate will increase from 5% to 6% and the Transient Occupancy (Lodging) Tax rate will increase from 7% to 8%, both effective July 1, 2019.

Council's major themes in this year's budget include:

  • Affordable Housing
  • Investment Investment in City employees
  • Strong Support for City Schools Preserving and Enhancing Quality Services,
  • and Focus on organizational efficiencies, aligning with our Strategic Plan and Council Priorities

 

 Under the revenue sharing agreement of May 24, 1982, the sum of $14,199,607 will be received to the General Fund from the County of Albemarle. Of that amount, $6,968,323 shall be transferred to the Capital Projects Fund and $400,000 shall be transferred to the Facilities Repair Fund. Complete budget materials are available online at www.charlottesville.org/budget under FY 2020 Proposed Budget.

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