FY22 Budget Proposal
In a presentation at the virtual City Council Budget Retreat on Feb. 22, 2021, City Manager Andrew O. Trivette proposed raising the real property tax rate by eight cents. This recommended increase will appear in his formal budget proposal to be released on Wednesday, March 31, 2021.
An $0.08 tax increase puts the City of Williamsburg's rate at $0.68 per $100 of assessed value and remains the lowest rate in the region by more than 10 cents. It would allow the City to proceed with critical plans for the community, such as a new police station and library; to maintain the City’s Aa1 and AAA bond ratings; to continue our sound financial management tradition; and to take advantage of future economic opportunities.
The City is facing a growing structural imbalance in its Capital Improvement Plan (CIP), which is a five-year plan for funding major infrastructure projects. The City's CIP includes Williamsburg-James City County Schools projects, which alone account for $853,000, on average, of the City's annual CIP expenditures. Without the tax increase, the CIP would have a deficit of $1.3 million in the coming fiscal year.
The 8-cent tax increase — 1.4¢ toward stabilizing the General Fund, and 6.6¢ toward cash financing, rather than borrowing for, WJCC Schools capital projects — would generate an estimated $1.6 million for fiscal year 2022. That revenue would help:
- stabilize the General Fund (this fund pays for general government expenses and core services),
- provide funding for government CIP projects (major projects & maintenance),
- allow the City to cash finance, rather than borrow for, school CIP projects,
- and help maintain the City’s AAA/Aa1 bond rating
Letter to Residents
City Manager Andrew O. Trivette mailed a letter to all taxpayers in the City of Williamsburg to explain his rationale for proposing an eight-cent tax rate increase.
Read the full letter. Please note the city manager's budget proposal will now be released on Wednesday, March 31.
View the City Council schedule for March and April.
Want to see the city manager's proposed budget for Fiscal Year 2022? The Balancing Act tool allows you to not only see the proposal but also to create your own budget.
We have also created a tool that allows you to get a receipt for your taxes that shows you where your money goes.
Feb. 22, 2021
Watch City Manager Andrew O. Trivette propose a real property tax rate increase during City Council's budget retreat in the video below. This video has been edited. You can see the full budget retreat at youtube.com/williamsburggov.