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Labor & City WorkersBudgetFinance Department

In Plain English

The city collects transfer tax when properties sell, generating unpredictable revenue that ranges from $300,000 to $3 million monthly. Richmond received $970,000 in transfer tax during April 2025. The city budgeted $7.4 million for transfer tax this year, down from $13.3 million last year because staff excluded unpredictable sales over $10 million.

Auto-generated summary. Source: official agenda documents.

Votes

Approve consent calendar

Moved by: Jamelia BrownSeconded by: Soheila Bana
Passed