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. 

Translated by Emmanuel Diaz.

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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. 

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.