City Budget Surplus Could Go Toward Housing Projects, Rally Anniversary Expenses
More than $4.5 million is on the table for the city of Charlottesville.
CHARLOTTESVILLE, Va. (WVIR) - More than $4.5 million is on the table for the city of Charlottesville.
That’s the amount that the city has left over in the budget, and now city leaders are talking about how to spend it.
On Monday, December 3, councilors got feedback from the public and discussed different options on how it should spend its $4.7 million surplus this year.
The proposal presented at Monday night’s meeting suggested using $1 million to offset the more than $900,000 of unplanned expenses related to the one-year anniversary of the Unite the Right rally.
A majority of the remaining surplus - $3.2 million of it - would go toward affordable housing and redevelopment projects.
City Councilor Mike Signer says addressing affordable housing is one of council’s top priorities.
"This is earmarked for affordable housing and redevelopment - earmarked for redevelopment,” Signer said. “So it is getting the ball rolling, it is putting 80 percent of this into that one need, which is blaring loud and clear from the community and we need to do everything we can on the staff side to make sure that that breaks through."
The remaining $500,000 would transfer to the city's retirement fund, as long as council signs off on that plan.
City Council will vote on the budget surplus at its last meeting of the year, which is on December 17.