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ORD. 2024-275 · Ordinance

To create a new reservation of fund balance called the 2024 Real Estate Tax Relief Reserve, intended to be categorized as an assigned fund balance and used to return surplus real property tax revenues to taxpayers through a one-time, four-cent rebate.

AdoptedAdoptedCity Council
Introduced
October 16, 2024
Adopted / passed
November 12, 2024
Enactment no.

Patrons (9)

  • LeadMayor Stoney
  • Co-patronPresident Kristen Nye
  • Co-patronVice President Ann-Frances Lambert
  • Co-patronKatherine Jordan
  • Co-patronEllen Robertson
  • Co-patronStephanie Lynch
  • Co-patronReva Trammell
  • Co-patronCynthia Newbille
  • Co-patronNicole Jones

Lifecycle

  1. October 15, 2024

    introduced and referred

    City Council

  2. October 23, 2024

    recommended for approval

    Governmental Operations Standing Committee

  3. November 12, 2024

    adopted

    City Council

View on city source ↗
Source:
City of Richmond Legistar
Last updated from source:
Jun 9, 2026
First collected:
Jun 9, 2026