Thursday, June 13, 2024

Williamsburg City Manager’s Proposed Fiscal Year 2024 Budget Released

(WYDaily File Image)

WILLIAMSBURG — City Manager Andrew O. Trivette’s Fiscal Year 2024 Proposed Budget for the City of Williamsburg was published on the city’s website March 31.

According to the city, the city manager worked closely with city council and staff to construct the FY24 budget proposal which recommends no change to the real estate tax rate of 62 cents per $100 of assessed value.

The city noted while revenues are less than expected due to inflation, it “has an obligation to advance toward its vision of 2040.”

According to the city, staff identified three budget priorities:

    1. Establish the necessary funding to build a new downtown library.
    2. Improve the benefits package the city offers to staff, while they are employed and after.
    3. Eliminate the City’s reliance on U.S. Housing and Urban Development (HUD) funds — and the associated limitations — for our public housing sites.

The proposed budget only fully funds the employee benefits improvement plan, it said, while allocating about 45% of what is needed for each of the other two priorities. Funding for the design of a new library is kept on schedule by using “both a short- and long-term financing strategy.”

The full budget proposal is available at williamsburgva.gov/budget.

City council will discuss the proposal and residents may voice opinions during the next work session and regular meeting on April 10 and 13, respectively. Residents can also email the city manager or council members directly at citymanager@williamsburgva.gov or council@williamsburgva.gov.

The adoption of the FY24 budget is slated for May 11.

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