Council Adopts FY2022-23 Budget

From City Page at VBGov.com.

FY2022-23 budget has no increases to the solid waste fee, water service charges, sewer charges, stormwater charges, and avoids a real estate tax rate increase.

With the exception of a few fee increases for permits within the department of Planning and Community Development, the FY2022-23 budget and Capital Improvement Program (CIP) are supported through natural growth in citywide revenues. Below are some of the key elements in the upcoming budget.

Fitch Downgrades Westminster-Canterbury on Chesapeake Bay (VA) Rev Bonds to BB+

View analysis at Fitch.

On a forward-looking basis and assuming WCCB is able to proceed with the full scope of its capital plans, debt is expected to increase from $76 million to $496 million (or $508 million inclusive of it $12 million debt guarantee for the Senior Options Community’s acquisition of The Overture).

VIRGINIA BEACH VA DEV AUTH RESIDENTIAL CARE FAC REV Bond Detail.

CUSIP: 92774NAH3

FINAL Reminder Eastern Shore Drive Drainage Improvements – Public Information Meeting May 11th – 6-8pm – Bayside Recreation Center

Update about meeting!

Press release about meeting.

Eastern Shore Drive Drainage Improvements page.

BAC Agenda for April 21 ‘22 330pm at OPVRS

See ya there!

From Mark:


BAYFRONT ADVISORY COMMISSION

Ocean Park Volunteer Rescue Squad

  3769 E. Stratford Drive 

(enter on side opposite Shore Drive)

April 21, 2022

CALL TO ORDER – 3:30 pm

There’ll be an update.

APPROVAL OF MINUTES

Review and Approval of Minutes from 3/17/22

CHAIRMAN’S REPORT

Welcome Guests and Introductions – Phil Davenport, Chair

STAFF REPORTS & UPDATES

​Eastern Shore Drainage Lynnhaven Colony Pump Station

Open Space Program

64th Street Oyster Project (tentative)

COMMITTEE REPORTS & UPDATES

Design – Bob Magoon

Communications – Vacant

​Public Safety, Transit, Parking & Pedestrian Access – Martin Thomas

PRESENTATIONS/COMMISSION ITEMS

OLD BUSINESS

NEW BUSINESS

COMMUNITY REPORTS & UPDATES

ADJOURN