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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.

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