Description
Title: To order the submission to the qualified voters of the City of Richmond of the question of whether the City should be authorized to levy a local sales tax at a rate not to exceed one percent, the revenues from which shall be used solely for capital projects for the construction or renovation of public school facilities, for a referendum thereon.
Summary
On July 6, 2026, the City of Richmond introduced Resolution No. 2026-R028, proposing a referendum for voters to decide on authorizing a local sales tax of up to 1%. This tax is intended solely for funding capital projects related to the construction or major renovation of public school facilities. The legislation aligns with recent amendments to Virginia's tax code, which allows cities to seek such measures through voter approval. If passed, the tax would be imposed until the related bonds or loans are repaid or until June 30, 2046, whichever comes later. A public hearing is scheduled for July 27, 2026, and the referendum will be included on the November 3, 2026 election ballot.