The Agenda: Local government briefs for 3.15.21
Chesterfield budget proposal includes increased BPOL threshold
Chesterfield County Administrator Joe Casey presented his proposal for the county’s fiscal year 2022 budget last week.
The $806.8 million general fund features $344.7 million in local funding to the school district, as well as $226.8 million in capital improvements that include $19 million for sidewalk upgrades. The proposed general fund for FY22 is an increase of $84.9 million (11.7 percent) compared to the adopted FY21 budget.
The budget would increase the collection threshold for the business and occupation license (BPOL) tax, upping it to $400,000 from $300,000 effective July 1. In doing so, more than 6,400 small- and medium-sized businesses would be exempt from the tax, according to the county.
The Agenda: Local government briefs for 3.8.21
BizSense file)
Mayor proposes $770M budget for FY22
Mayor Levar Stoney presented his administration’s proposed FY22 budget to the Richmond City Council on Friday. The $770.3 million budget is balanced despite municipal revenues projected to be nearly $18.5 million less than revenues in last fiscal year’s proposal.
The proposed budget contains no increases in real estate, personal property or other general taxes. It does include a proposed utility rate increase of $5.27 a month for the average customer. The increase would fund more than $3 million in infrastructure improvements to address flooding in Southside and other parts of the city.
Thalhimer looks to prime 2-acre Manchester plot for redevelopment
The 2-acre site is one of the last undeveloped sites along Hull Street east of Commerce Street. (
Mike Platania photos)
With a major project nearing completion nearby and plenty of other activity in the vicinity, a large untouched plot in Manchester is being prepped for eventual redevelopment.
Thalhimer Realty Partners is seeking to rezone the 2.2-acre plot at 423 Hull St. from its current B-5 Central Business District designation to TOD-1 Transit-Oriented Nodal District, a relatively new zoning type that allows for mixed-use projects up to 12 stories.
TRP, the development arm of local commercial brokerage giant Thalhimer, bought the parcel as part of a $9 million deal in 2013 that kicked off its redevelopment of the former Reynolds South plant. The site is adjacent to the residential part of the project, City View Lofts, as well as Lynx Ventures’ office, retail and residential project The Current.