Wednesday, December 7, 2022

Newport News Anticipates A $5.5 Million Budget Surplus

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

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.

Latest News

Former SunTrust Building In Gloucester To Become Event Venue

GLOUCESTER – In the past few years, Sherry Spring, Gloucester’s economic development director, has heard all sorts of rumors connected to the former SunTrust...

Dunkin’ Next Generation Store Opens In Newport News

NEWPORT NEWS—Dunkin’ Donuts recently opened its latest Dunkin’ Next Generation location at 15488 Warwick Blvd. in Newport News. The store officially opened November 21,...

The New Local News Model

On July 1, we started a new way to pay for news. Yes, we want you to subscribe, but we know nobody subscribes to every site they visit just because there's a paywall.

So if you don't want to subscribe (even at the low price of $39.99 for a year), you can pay for access to individual articles. Or just buy a 24-hour pass, as if you were buying a single copy of a newspaper. We use a new payment service called Transact, which lets you pay for individual articles in as little as three seconds. And you will get $3 in credit when you sign up (just an email address, no credit card required), which will let you pay for at least 20 articles.

This is new for everyone, so we're going to ease you into this. Initially, there won't be many articles that you have to pay for. Short ones will always be free. And even the longer stories will let you read the first half or so for free. We'd love to hear what you think, so send us a note at