Address:
900 East Broad Street, Room 1100
Richmond, Virginia 23219
Fax #: 804-646-7927
Our Mission
The mission of the Department of Budget and Strategic Planning is to provide corporate, performance informed oversight for the development, analysis, and execution of the City's budgeting and strategic performance management processes as well as grant support in order to balance the needs and resources of the community.
Our Vision
To implement mission-driven, outcome-oriented, and performance based management tools, to include performance informed budgeting, to meet identified outcomes and evaluate success towards achieving City objectives.
Core Values
We add value to our internal and external stakeholders by enhancing awareness and utilization of budget and strategic planning, performance management, and grant resources. We promote openness and transparency in our operations ensuring that we are accountable for our actions at all times.
Our Core Values, listed:
- Integrity
- Accuracy
- Knowledge & Experience
- Accountability
- Collaborative & Responsive
- Strategic Thinking
- Teamwork
Latest News and Announcements:
Proposed Budget for Fiscal Year 2026
- The Proposed Annual Fiscal Plan for Fiscal Year 2026 and Proposed Capital Improvement Plan for Fiscal Years 2026 - 2030 have been introduced. These documents can be found on the "Documents" page, under the "Fiscal Year 2026" tab. Additionally, click here to view the Proposed FY 2026 Budget-in-Brief, which provides a summary of the proposed budgets.
Adopted Budget for Fiscal Year 2026
- The Adopted Annual Fiscal Plan for Fiscal Year 2026 and the Adopted Capital Improvement Plan for Fiscal Years 2026 - 2030 have been introduced. These documents can be found on the "Documents" page, under the "Fiscal Year 2026" tab. Additionally, click here to view the Adopted FY 2026 Budget-in-Brief, which provides a summary of the adopted budgets.
Annual Budget Cycle
September – Kickoff & Guidance
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The budget process starts with a kick-off and guidance on submissions.
October – Submission & Review
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Departments submit budget requests for both operating and multi-year planning; budget staff begins their review.
November – Debt, CIP, & Utilities
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Budget and Finance review funding sources, affordability, and projections.
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Decision-making begins on which projects to include in the upcoming CIP.
December – Priorities & Projections
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Priority-setting discussions take place with leadership; revenue forecasting and initial budget reviews commence.
January – Personnel & Preliminary Recommendations
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Personnel and benefit costs are evaluated; budget meetings are held with departments, leadership, and councilmembers.
February – Balancing & Finalization
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Balancing meetings occur, and final budget recommendations are made; School Board submits its request; budget development continues.
March – Presentation & Work Sessions
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The budget is finalized for presentation; the Mayor submits the proposed budget to City Council; work sessions by City Council begin.
April – Hearings & Amendments
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City Council holds public hearings, reviews, and work sessions on amendments.
May – Budget Adoption
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City Council adopts budgets for schools and city funds after required hearings
June – Final Adjustments
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Budget staff finalizes amendments and adjustments and ensures the system is ready for implementation.
July – Implementation
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The new fiscal year's budget takes effect; the adopted budget is published online
