If approved, the proposed budget calls for increasing the city’s general funds to roughly $1 billion, a 5% increase from the previous year’s budget and a first for the city.
In delivering his 2025 City of Richmond Budget speech yesterday, Mayor Levar M. Stoney praised his budget team for “working tirelessly year-round to ensure our financial house is in order.”
Without the leadership of President Joe Biden and Vice President Kamala Harris, without their belief that cities are labs for innovation, and without their dedication to building the economy from
Mayor Stoney plans to utilize a portion of these funds to support the Family Crisis Fund, which provides financial assistance to Richmonders facing financial struggles.