Page 8 - Operating Budget News Today : Breaking News, Live Updates & Top Stories | Vimarsana

NEWPORT NEWS — City Manager Alan Archer proposed a $1.14 billion operating budget for the upcoming fiscal year which keeps real estate and personal property tax rates the same while also funding a 3% increase in city salaries. Archer and Budget Director Lisa Cipriano presented the city’s proposed operating budget for the upcoming fiscal year to the City Council during a work session Tuesday ...

By Aspen Anderson

The Virginia Beach School Board is set to make tough decisions Tuesday — such as cutting open positions and not replacing older buses — as it votes on next year’s budget. Division leadership proposed a $954.5 million operating budget, but the board is considering reductions in response to inflation and possible tax cuts. The board was uneasy about several recent proposals and asked the ...

A new funding source for NJ Transit, investment in tax relief and an affordable housing initiative are among the proposals in Murphy’s budget.

The district’s ability to provide a large increase in school funding is complicated by the recent revaluation that sharply raised property values.