Description
Title: To appropriate and to provide funds for financing the school budget for the fiscal year commencing Jul. 1, 2026, and ending Jun. 30, 2027.
Summary
Ordinance No. 2026-064, introduced on March 11, 2026, appropriates $292,349,315 for the Richmond Public Schools budget for the fiscal year from July 1, 2026, to June 30, 2027. This total includes $35,254,270 from state shared sales tax and $257,095,045 from the city’s general fund. The funding will support various operational costs, including salaries, equipment, and maintenance. Richmond Public Schools must provide quarterly financial reports detailing spending, staffing, and meal participation metrics. Unexpended funds will revert to the city, and future budget targets will be set for the subsequent fiscal year. The ordinance aims to ensure transparency and accountability