CHARLOTTESVILLE, VA (CVILLE RIGHT NOW) – Charlottesville City Council will begin deciding what to do with $10,001,875.49 of surplus from the 2025 budget to be distributed in 2026 during its Tuesday night meeting.
Of that, $8.5-million is “unrestricted” and staff recommends that be allocated as it has been in recent past tradition into the CIP Contingency account in the General Fund, “as Long-Term Financial Management Policies.”
The surplus amount is far less of a percentage of 2025’s $252-million budget at 3.9% than last year’s $28-million total, with 25-million “unrestricted” that went into this year’s CIP, which calculated just over 10%…