Summary

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

RichmondApr 16, 20263 min read

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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.

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Finance and Economic Development Standing Committee

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LaborBudget & TaxPublic SafetyHousingUtilities

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Key decisions

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ORD.2026-078 forwarded to April 27, 2026 Council with recommendation to approve: authorize acceptance of $249,917.00 from the Virginia Department of Criminal Justice Services and amend FY2025-2026 budgets — $117,257.00 to YWCA Richmond (Outside Agencies/Central Appropriations) and $132,660.00 to the OIRE Youth and Family Violence Prevention Special Fund for newcomer, immigrant, and refugee youth violence prevention/intervention services.
ORD.2026-079 forwarded to April 27, 2026 Council with recommendation to approve: authorize acceptance of $344,100.00 from the Virginia Department of Criminal Justice Services and create the Department of Justice Services 'Operation Ceasefire Program Special Fund' to fund the City’s Operation Ceasefire Program (Office of Gun Violence Prevention).
ORD.2026-080 forwarded to April 27, 2026 Council with recommendation to approve: authorize acceptance of $500,000.00 from the U.S. Department of the Interior, National Park Service and create the 'Pump House Roof Replacement Special Fund' for the Department of Parks, Recreation and Community Facilities for the Pump House Roof Replacement project.
ORD.2026-082 forwarded to April 27, 2026 Council with recommendation to approve: amend City Code §12-48 to require additional annual reporting on loans awarded from the Affordable Housing Trust Fund.
RES.2026-R013 forwarded to April 27, 2026 Council with recommendation to approve: request the Chief Administrative Officer amend Administrative Regulation 4.8 (leave policy) to modify maximum carryforward and one-time payout procedures for unclassified employees during transition, and submit a written report on operational and fiscal impacts and any proposed amendments no later than June 30, 2026.
RES.2026-R017 forwarded to April 27, 2026 Council with recommendation to approve: authorize issuance of public utility revenue refunding bonds in a maximum aggregate principal amount up to $225,000,000 and delegate sale/issuance details to the Director of Finance with CAO approval.
ORD.2025-282 (real estate tax deferral program) continued to the May 20, 2026 Finance and Economic Development Standing Committee meeting.
ORD.2026-081 (amend City Code §12-16 regarding publication of the City’s payment register) continued to the May 20, 2026 Finance and Economic Development Standing Committee meeting.

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