CommitteeRichmond

Finance and Economic Development Standing Committee

Track committee activity, current roster, and published meeting coverage for Finance and Economic Development Standing Committee in Richmond.

0 active membersNext meeting Aug 19, 2026Last meeting Jul 15, 20261 summary in 30d

Summaries

Active roster

Latest activity

Jul 15, 2026

Municipality

Richmond

Latest coverage

Housing and budget items advanced

Published Jul 15, 2026

Related summaries

Published meeting coverage connected to Finance and Economic Development Standing Committee.

Briefing

Jul 15, 2026

Housing and budget items advanced

The committee advanced four measures tied to affordable housing and housing cost relief, including a $3,168,000 budget reallocation for resident assistance programs. It also sent forward agreements for affordable housing developments at 512 Hull Street and 2811 Rady Street, and a grant contract for planning the Slavery and Freedom Heritage Site.

1 min readMunicipal coverage

Briefing

Jun 17, 2026

Finance and Economic Development meeting summary

The committee forwarded most items to the June 22 City Council meeting with recommendations to approve several grant acceptances and new special funds (including cemetery preservation, opioid settlement funds, park improvements, and a recovery court grant), approved a Right-of-Entry for tree work in Byrd Park, recommended procurement and tax-code amendments, and continued two items (payment register amendment and an investigation resolution) to the July 15 meeting.

2 min readMunicipal coverage

Briefing

May 20, 2026

Finance and Economic Development Standing Committee — May 20, 2026 Summary

The committee considered nine items on ordinance and resolution changes covering real estate tax deferral, payment register publication, collective bargaining, Main Street Station fees, downtown special service district budget and agreement extension, enterprise zone amendments, and a study of nonprofit affordable housing registration; six items were forwarded to the May 26, 2026 Council meeting (several with recommended amendments), and two items were continued to the June 17, 2026 Committee meeting.

2 min readMunicipal coverage

Briefing

Apr 16, 2026

Finance and Economic Development Standing Committee — April 16, 2026 (City of Richmond)

The committee considered eight items. ORD.2026-078, ORD.2026-079, ORD.2026-080, ORD.2026-082, RES.2026-R013 and RES.2026-R017 were forwarded to the April 27, 2026 Council meeting with recommendations to approve. ORD.2025-282 (real estate tax deferral program) and ORD.2026-081 (payment register publication) were continued to the May 20, 2026 Finance and Economic Development Standing Committee meeting. Several actions authorize acceptance of state and federal grants and creation of new special funds, require additional reporting on affordable housing loans, request a one-time leave payout transition report, and seek authority to issue public utility revenue refunding bonds.

3 min readMunicipal coverage

Briefing

Feb 18, 2026

Finance and Economic Development Standing Committee (City of Richmond) — Feb 18, 2026: Committee forwards affordable housing revenue code change, $14.7M Diamond District allocation, and two bond refunding resolutions to Council

The committee reviewed four papers and forwarded all to the February 23, 2026 City Council meeting with recommendations to approve: (1) ORD.2026-045 to repeal City Code §12-46 and add §12-48 to direct certain real estate tax revenues for evaluation and disposition toward affordable housing initiatives; (2) ORD.2026-041 to transfer $14,700,000 from the Contingency Reserve to a new Outside Agencies line item “EDA - Diamond District” for Economic Development Authority redevelopment funding; (3) RES.2026-R011 to authorize up to $42,085,000 in general obligation public improvement refunding bonds; and (4) RES.2026-R012 to authorize up to $294,280,000 in public utility revenue refunding bonds. The meeting also listed a Department of Finance presentation (RVA Pay Updates and Process Improvements).

2 min readMunicipal coverage

Briefing

Jan 21, 2026

Finance and Economic Development Standing Committee — January 21, 2026 summary

Committee met at 2:00 PM in Council Chamber, City Hall. Members forwarded multiple ordinances and a resolution to the January 26, 2026 City Council meeting with recommendations to approve, including grant acceptances and special-fund budget amendments for opioid response and economic development, a parking license with Virginia Commonwealth University, a proposed amendment to direct 10% of annual general fund surplus to a Richmond Retirement System reserve, funding and contract changes to increase janitorial worker wages, and federal/state funding to study a railroad grade separation on Broad Rock Boulevard. One ordinance establishing a real-estate tax deferral program was continued to the March 18, 2026 committee meeting.

3 min readMunicipal coverage

Briefing

Nov 19, 2025

Finance and Economic Development Standing Committee summary — November 19, 2025

The Finance and Economic Development Standing Committee met on November 19, 2025 at 2:00 PM in the Council Chamber, City Hall. The committee reviewed eight items (ordinances and resolutions) and forwarded all to the December 8, 2025 City Council meeting; most were recommended for approval. Major actions included authorization to accept multiple grants and state funds, creation of two new special funds (CoStar Special Fund and AARP Community Challenge Special Fund), approval to enter the 28th CARE cooperation agreement, a budget transfer to support participatory budgeting, a request to inventory displacement-mitigation programs, and a budget policy request regarding the proposed real estate tax levy. Presentations included an ARPA quarterly update and a Fiscal Year surplus briefing.

3 min readMunicipal coverage