RICHMOND, Va. (WWBT) – Richmond City Council unanimously approved Monday night how to allocate leftover money from the city budget.
The city will put $2.2 million of its $22 million surplus toward what’s called a special purpose reserve, going towards different affordable housing resources.
The money will be divided up as follows:
- Up to $1,417,850 of the special purpose reserve to the Richmond Retirement System Total Retirement Fund for the purpose of funding bonuses for retired members of RRS
- Up to $162,150 of the remaining portion of the special-purpose reserve for low-barrier support for children and families during the inclement weather season
- Up to $100,000 of the remaining portion of the special purpose reserve to Presbyterian Homes & Family Services, Inc., for the purpose of increasing funding to the Family Crisis Fund
- Up to $70,000 of the remaining portion of the special purpose reserve to fund Music and Media Lab improvements at Southside Community Center
- Up to $50,000 of the remaining portion of the special purpose reserve to fund a study of the intersections of Kensington Avenue and Patterson Avenue, Kensington Avenue and Thompson Street, Patterson Avenue and Thompson Street, and the surrounding approaches to such intersections to determine the feasibility of improving the intersections for all road users utilizing Vision Zero techniques
- Up to $403,000 of the remaining portion of the special purpose reserve to support the Affordable Housing Trust Fund
- Any remaining portion of the special purpose reserve to the RRS Total Retirement Fund for the purpose of funding bonuses for retired members of RRS
Councilmember Ellen Robertson voiced support for the affordable housing allocation and said she hopes for more funding in the future…