NORFOLK, VA – On Tuesday, May 14, Norfolk City Council approved the Fiscal Year 2025 Budget. The $1.93 billion financial plan ensures that the City remains responsive to community and infrastructure needs, while assuring financial sustainability and alignment with City Council policies.
The Adopted FY 2025 General Fund Budget is $1.16 billion – 7.52% more than last year. The total operating budget is $1.53 billion. The total spending plan is more than $1.9 billion and includes $285 million in Capital Improvement Plan funds, $6.4 million in HUD entitlement grants, and nearly $114 million in anticipated grant funding.
The budget includes:
- A two-cent decrease in the real estate tax rate.
- No fee increases aside from the established automatic fee increases for Storm Water, Water, and Wastewater systems, necessary to maintain current operations.
- Employee compensation:
- 3.5% general wage increase for all general, constitutional, and nonsworn employees.
- A 1% increase to the public safety pay scale and a step increase (for a minimum of a 3.5% increase), for sworn Public Safety employees and 911 telecommunicators.
- Improve neighborhood safety and quality of life: $11.82 million and 14 full-time equivalent (FTE) employees in the operating budget and $60 million in the FY 2025 CIP
- Address homelessness, mental illness, and substance abuse: $1.7 million and 14 FTE in the operating budget and $1.5 million in the FY 2025 CIP
- Maintain and repair city facilities, systems, and infrastructure: $1.8 million and 8 FTE in the operating budget and $185.7 million in the FY 2025 CIP
- Enhance organizational effectiveness and improve customer service: $2.25 million and 26 FTE in the operating budget and $8.3 million in the FY 2025 CIP
For more information on the budget, visit the Citizen Cents webpage or the Department of Budget and Strategic Planning’s webpage.