Grim Five-Year Fiscal Forecast Prompts Early Planning for 2016-17 Budget
Richmond could be nearly $40 million in debt by 2021, an independent financial consultant told City Council at a presentation of the city’s five-year financial forecast on Tuesday.
Read moreRichmond Promise to be Inclusive, if Fiscally Unsustainable
Richmond City Council made pivotal decisions Tuesday on the direction of the Richmond Promise, a $35 million scholarship program. Torn between their desire to make the program inclusive while ensuring that it is fiscally viable in the long term, the Council opted to give as many students as possible scholarships, at the expense of the program’s sustainability.
Read moreRichmond City Council has Efficient Meeting, Despite Protesters
Richmond City Council held one of their most expedient meetings in recent memory on Tuesday, but vocal members of the public reminded the governing body that difficult work remains.
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