RICHMOND CITY COUNCIL
Richmond City Council – Richmond City Hall - 900 E. Broad Street, Suite 200 - Richmond, VA 23219 - www.council.richmondva.gov
COUNCIL PUBLIC INFORMATION NEWS ADVISORY
IMMEDIATE RELEASE TO BE FORWARDED AND SHARED
Wednesday, 12 October 2011
Richmond City Council Annual Work Advance Meeting to be held: Meeting to focus on FY 2013 Richmond Government Budget
Council review, discussion and planning session
WHAT Richmond City Council will hold its yearly Richmond City Council Annual Work Advance Meeting. The meeting includes all members of Council and is a time for them to set priorities, review, and plan for the future. This year, the meeting will focus on the upcoming Fiscal Year 2013 Richmond Government Budget. The meeting is open to the public.
The current Richmond Government Budget for FY 2012 is $1,447,745,909. It was approved and adopted by Richmond City Council on May 23, 2011. It is effective July 1, 2011 through June 30, 2012.
WHEN Monday, 17 October 2011
Noon - 5:00 p.m.
WHERE Partnership for Families Northside – Richmond Northside Family Learning
Center - 800 W. Graham Road (In Richmond’s Northside 3rd District)
(About the location: Partnership for Families Northside – Richmond Northside Family Learning Center is a facility that operates as part of an umbrella organization for more than a dozen nonprofit organizations that assist families living in 24 neighborhoods in Richmond’s Northside.)
WHO The Honorable Members of Richmond City Council
CONTACT For more information, please contact Lou Brown Ali, Interim Council Chief of Staff, at 804.646.5921 (tel); or, lou.ali@richmondgov.com (email)
Background - Richmond Biennial Government Budget ____________________________________
A Richmond Citizens, we pool our resources to own and operate our government and decide what public services we want to invest in; the priority (investment levels) for these services; and, how we pay for them. Examples of our services include the management, oversight and delivery of such things as clean/safe water; streets/parks; firefighting/rescue; trash/sewage removal; laws, police/courts; public transportation; and, our children’s education. Together, we own, operate, use and benefit from these services every day.
The Richmond City Government Budget runs from July 1 to June 30 annually and the City operates on a two-year fiscal plan (Budget) that includes City General Fund, Capital Improvement Plan, Special Funds, Enterprise Funds, Internal Service Funds, the City’s contribution to Richmond Public Schools and additional state, federal, and other funds provided to Richmond Public Schools. The Budget is typically amended every year. Thus, every year a proposed Richmond Government Budget (Fiscal Plan) is submitted to Richmond City Council by the Mayor, who is responsible for administering local government services.
Thus, every year Richmond City Council sets a date for the Mayor to submit to them a proposed Richmond Government Budget (Fiscal Plan). This date if fixed by Council no earlier than the second Monday of February or later than the 7th day of April annually.
Following receipt, Richmond City Council reviews, analyzes and amends the proposed budget based on the priorities of citizens. Budget deliberations typically span three months, from mid-March until final adoption in May. Richmond City Council deliberations take place during an estimated two dozen Council meetings and special work sessions that are all open to the public. During the process, Council adopts an annual Richmond Real Estate Tax Rate.
At the conclusion of deliberations, Richmond City Council votes on a Richmond City Government Budget for the upcoming Fiscal Year (FY). The Richmond City Council budget takes the form of Richmond City Council Ordinances that are voted on and adopted no later than May 31 of each year.
BACKGROUND - RICHMOND REAL ESTATE TAXS ____________________________________________
We as citizens have determined that a fair way to help pay for our local citizen government is for Richmond real estate owners to annually contribute funds based on a percentage of the value of the real estate they own in the city. Therefore, each year the fair market value of real estate in the city is assessed and an annual Richmond Real Estate Tax Rate is set. The rate is the percentage, based on $100 of value, that each real estate owner will contribute to help pay for government services in the city.
Our real estate tax is the largest single funding source we use to pay for our public services. Richmond real estate owners contribute their share annually, based on the value of their real estate and the tax rate, which is set by April 15 annually. For example, if a person owns $100,000 in real estate and the tax rate is $1.20 per $100 of assessed property value; their share is $1,200 for that year.
Beginning calendar year 2011, our Richmond Real Estate Taxes are now divided into two collections a year instead of all at once and market valuation data will lag one year. Payments are now due as follows: Half by January 14 and half by June 14.
As a capital city, Richmond (in contrast to surrounding counties) includes substantial state/federal government buildings, church-owned real estate and nonprofit property, which receive govt. services but currently do not pay taxes.
The 2012 value of real estate in Richmond was $25.7 billion. Of this total, more than $6 billion (23 %), is not taxed. At the current tax rate of $1.20 (per $100 in value), current non-taxed real estate represents $72.5 million in lost revenue. If every 1 cent of our tax rate represents about $2 million in revenue, this adds 36 cents to the Richmond Real Estate Tax Rate.
This year Richmond City Council adopted a Richmond Real Estate Tax Rate of $1.20, which maintains the lowest rate in more than 30 years.
Richmond Real Estate Tax Rates
Year Richmond Real Estate Tax Rate
2008-2012 $1.20
2007 $1.23
2006 $1.29
2005 $1.33
2003-2004 $1.37955
2002 $1.38975
2001 $1.41
1997-2000 $1.43
1994-1996 $1.445
1992-1993 $1.45
1990-1991 $1.46
1987-1989 $1.53
1985-1986 $1.47
1984 $1.50
1982-1983 $1.533
1981 $1.58
1980 $2.12
(Rates are per $100 in assessed real estate value.)
Richmond City Council __________________________________________________________________
Mission - The mission of Richmond City Council is to represent citizens in creating and amending local laws, providing government policy and oversight, and approving the city budget.
Vision - Richmond City Council is committed to creating a vibrant community that is a great place to live, work, learn, play, visit and raise a family.
Member of the
2009–2012 RICHMOND CITY COUNCIL ______________________________
PRESIDENT (2011-2012)
The Honorable Kathy Graziano
Councilwoman, Richmond City Council - Southwest 4th District
804.320.2454 (office tel); 339.8393 (mobile)
kathy.graziano@richmondgov.com (email)
VICE PRESIDENT (2011-2012)
The Honorable Ellen F. Robertson
Councilwoman, Richmond City Council - Gateway 6th District
804.646.5724 (office tel); 314.7658 (mobile)
ellen.robertson@richmondgov.com (email)
West End 1st District
The Honorable Bruce W. Tyler, Councilman
Richmond City Council - West End 1st District
804.357.6007 (mobile)
bruce.tyler@richmondgov.com (email)
North Central 2nd District
The Honorable Charles R. Samuels, Councilman
Richmond City Council - North Central 2nd District
804.646.6532 (office tel); 690.0898 (mobile)
charles.samuels@richmondgov.com (email)
Northside 3rd District
The Honorable Christopher A. Hilbert, Councilman
Richmond City Council - Northside 3rd District
804.646.6055 (office tel) 306.0875 (mobile)
chris.hilbert@richmondgov.com (email)
Central 5th District
The Honorable E. Martin Jewell, Councilman
Richmond City Council - Central 5th District
804.646.5724 (office tel); 332.3654 (mobile)
marty.jewell@richmondgov.com (email)
East End 7th District
The Honorable Cynthia I. Newbille, Councilwoman*
Richmond City Council - East End 7th District
804.646.3012 (office tel)
cynthia.newbille@richmondgov.com (email)
*Elected November 3, 2009 in special local election
Southside 8th District
The Honorable Reva M. Trammell, Councilwoman
Richmond City Council - Southside 8th District
804.646.6592 (office tel); 240.5050 (mobile)
reva.trammell@richmondgov.com (email)
South Central 9th District
The Honorable Douglas G. Conner, Jr., Councilman
Richmond City Council - South Central 9th District
804.646.6592 (office tel); 512,0500 (mobile)
doug.conner@richmondgov.com (email)
- E N D -
______________________________________
Steven R. Skinner, APR
Council Public Information Manager
Office of the Chief of Staff
RICHMOND CITY COUNCIL
Richmond City Hall
900 E. Broad Street, Suite 305
Richmond, Virginia 23219
804.646.6052 (office)
804.335.4054 (mobile)
804.937.1386 (home/mobile)
804.646.5468 (fax)
skinnesr@ci.richmond.va.us (email)
www.council.richmondva.gov(website)
______________________________________
MISSION The mission of Richmond City Council
is to represent citizens in creating and amending
local laws, providing government policy and
oversight, and approving the city budget.
VISION Richmond City Council is committed to
creating a vibrant community that is a great place
to live, work, learn, play, visit and raise a family.
