Set pension tax rate at 0.14% for next fiscal year
Resolution Ordinance No. 12-25 N.S.
In Plain English
Richmond residents currently pay a 0.14% tax on their property value to help cover city pension costs and bond payments. The city collects about $29.5 million annually from this tax. If approved, the rate stays the same for the 2025-2026 fiscal year.
Auto-generated summary. Source: official agenda documents.
Votes
Approve consent calendar
7 to 0
Related Items
Receive monthly financial reports for January 2026
Mar 17, 2026
Receive monthly financial reports for December 2025
Feb 17, 2026
Receive monthly financial reports for November 2025 including investments and overtime
Jan 20, 2026
Meet privately with union negotiators to discuss employee contracts
Mar 24, 2026
Approve new 3-year contract with firefighters union covering wages and benefits
Mar 17, 2026
Receive January financial reports and approve updated financial policies
Mar 17, 2026
Meet privately with union representatives to discuss employee contracts
Mar 17, 2026
Amend city staffing list and allocate salary and benefits
Feb 24, 2026
Approve hiring temporary fire department supervisors and add other city positions
Feb 24, 2026
Receive presentation on Rent Board staffing levels and recruitment
Feb 18, 2026