Richmond’s City Council will meet Tuesday, June 3, to discuss next year’s budget, weigh a proposed ordinance targeting corporate land acquisition practices, and vote on a series of public safety and community initiatives, including support for the city’s Juneteenth celebration.
$644 million budget, three options for Chevron funds
Richmond city officials have proposed a $644 million budget for fiscal year 2025-26, which includes Chevron funds that could address unfunded infrastructure projects or serve as a contingency for federal funding.
The proposed budget includes $257.7 million from the General Fund and $386.3 million from non-General Funds, according to a staff report for the upcoming City Council meeting on June 3, 2025. The General Fund revenue is projected at $306.2 million, representing a 22.3 percent increase from the current fiscal year’s revised budget.
These are funds from the 10-year, half-billion-dollar agreement with Chevron, which significantly boosted the “Other Revenue” category by more than 35,000 percent…