City Council adopted a $62.5 million budget for Fiscal Year 2022 at its regular meeting Thursday, June 10, 2021.
The budget includes a 4-cent increase to the real property tax rate. This increase puts the City of Williamsburg’s rate at $0.64 per $100 of assessed value and remains the lowest rate in the region by 15.5 cents.
“City Council approved the best alternative that they could support,” City Manager Andrew O. Trivette said. “This budget is a step toward long-term financial stability for the City of Williamsburg.”
“The decision to raise property taxes is never easy, but it is the right decision as we work to stabilize the structural imbalance in the Capital Improvement Plan,” Mayor Douglas Pons said. “Council has certainly done its homework, and I’m proud of how deliberately and thoughtfully we’ve approached this budget process.”
A full version of the adopted budget will be posted online as soon as the draft is ready later this summer.