Sunday, September 26, 2021

Sign up here for our free newsletter that tells you about the newest stories, twice each week.

Newport News Anticipates A $5.5 Million Budget Surplus

NEWPORT NEWS—Based on third-quarter projections, the City of Newport News is expecting a $5.5 million surplus at the end of the current fiscal year.

The budget, which was created at the height of the covid-19 pandemic, took into account potential tax revenue reductions as a result of the pandemic since residents were staying at home instead of boosting sales at retail shops and restaurants. Many government operations, such as the courts, were also closed during the pandemic, reducing revenues collected from fines and court fees.

To adjust, the City invoked a hiring freeze, put several projects on hold, put restrictions on internal departments, and saved money on fuel and travel expenditures. The resulting surplus of money is expected to go toward building the workforce through new hires and resuming projects that were previously frozen.

You must purchase this article or be a subscriber to comment on it.

More Government+Business

Virginia Revenue Is On The Rise

Virginia Governor Ralph Northam released a Revenue Report for August 2021 for the commonwealth, which indicated that total General Fund revenues rose 18.9 percent...

Legalizing Marijuana: What Individuals And Businesses Need To Know

On July 1, 2021, Virginia officially legalized marijuana, meaning that it is now legal for individuals 21 years of age and older to have...

DMV Will Resume Walk-In Services In October

The Virginia Department of Motor Vehicles (DMV) recently announced that it will once again accept customers for walk-in service on alternating days beginning Tuesday,...

York Considering Sidewalk Extension Project For Grafton Drive

YORK-An open house is scheduled for Thursday, September 16 to discuss a potential sidewalk expansion project along Grafton Drive (Route 621) near Grafton Middle...