WHAT: Richmond City Council will hold a special meeting to (i) consider (a) Ord. No. 2024-187, to amend City Code §§ 26-871, concerning the establishment of annual license taxes, and 26-873, concerning exemptions to license taxes, to increase the threshold for business, professional and occupational license taxes from $250,000.00 to $500,000.00; (b) Ord. No. 2024-222, to amend and reordain City Code § 26-355, concerning the levy of tax on real estate, to establish a tax rate of $1.16 for the tax year beginning Jan. 1, 2025, pursuant to Va. Code § 58.1-3321(b), and increasing such rate from the Rolled Back Tax Rate of $1.136 as computed in accordance with Va. Code § 58.1-3321(a); (c) Ord. No. 2024-223, to amend and reordain City Code § 26-355, concerning the levy of tax on real estate, to establish a tax rate of $1.20 for the tax year beginning Jan. 1, 2025, pursuant to Va. Code § 58.1-3321(b), and increasing such rate from the Rolled Back Tax Rate of $1.136 as computed in accordance with Va. Code § 58.1-3321(a); (d) Ord. No. 2024-272, to amend ch. 16, art. I, of the City Code by adding therein a new section 16-3, concerning a gap grant program for income-based housing grants; (e) Ord. No. 2024-273, to amend City Code §§ 26-364, concerning tax relief for elderly persons and evaluation of the exemption or freeze program, and 26-365, concerning tax relief for qualified permanently and totally disabled persons and evaluation of the exemption or freeze program, for the purpose of increasing certain income and financial net worth requirements and calculated benefit of the Older Adults and Persons with Disabilities Real Estate Tax Freeze Program; (f) Ord. No. 2024-274, to amend Ord. No. 2024-099, adopted May 13, 2024, which adopted the Fiscal Year 2024-2025 General Fund Budget and made appropriations pursuant thereto, by increasing estimated revenues from real estate taxes by $12,000,000.00 and appropriating the increased revenues to new line items within the “Non Departmental & Central Appropriations” budget and various departments; (g) Ord. No. 2024-275, to create a new reservation of fund balance called the 2024 Real Estate Tax Relief Reserve, intended to be categorized as an assigned fund balance and used to return surplus real property tax revenues to taxpayers through a one-time, four-cent rebate; (h) Ord. No. 2024-276, to return surplus real estate tax revenues to taxpayers pursuant to Va. Code § 15.2-2511.1; and (i) Ord. No. 2024-277, to amend Ord. No. 2024-099, adopted May 13, 2024, which adopted the Fiscal Year 2024-2025 General Fund Budget and made appropriations pursuant thereto, to (i) re-appropriate up to $16,000,000.00 of the Fiscal Year 2023-2024 fund balance excess assigned to the 2024 Real Estate Tax Relief Reserve established by Ord. No. 2024-_______, adopted ________________, (ii) create a new line item entitled “Real Estate Tax Relief - Department of Finance” in the Central Appropriations budget, and (iii) appropriate up to such $16,000,000.00 to such new line item in the Central Appropriations budget for the purpose of returning surplus real property tax revenue to real estate taxpayers in the city of Richmond pursuant to Va. Code § 15.2-2511.1 through a one-time, four-cent rebate; and (ii) introduce (a) an ordinance transferring and appropriating funds providing support to caregivers of young children and promoting early childhood development; (b) an ordinance accepting and appropriating funds from the Virginia Department of Criminal Justice Services for the Help Me Help You Program; (c) an ordinance reallocating ARPA funds for certain Department of Housing and Community Development initiatives; (d) an ordinance authorizing the special use of the property known as 303 Bates Street; (e) an ordinance declaring a public necessity for and authorizing the acquisition of 436 Calhoun Street; and (f) a resolution endorsing the Council’s legislative proposals for the 2025 session of the General Assembly; and (iii) consider one or more motions regarding Ord. No. 2024-218, adopted Oct. 15, 2024, concerning the granting of a franchise for the management of the Hopkins Road Transfer Station and the East Richmond Road Convenience Center.
WHEN: Monday, October 28, 2024, at 6:00 p.m.
WHERE: Council Chamber
City Hall
900 East Broad Street, 2nd Floor
Richmond, VA 23219
The agenda for this meeting is accessible on the City’s legislative website by clicking here.
CONTACT: For more information, please contact City Clerk Candice Reid at 804.646.7955 or Candice.Reid@rva.gov.
