RICHMOND, Va. — Richmond City Council approved an additional $4.8 million for Richmond Public Schools, expanded eligibility for senior and disability-related property tax relief, and established a policy for annual cost-of-living adjustments to retirement benefits during its Nov. 9 formal meeting.
The additional $4,780,737.08 for Richmond Public Schools will come from anticipated revenues generated by the Greater Richmond Convention Center Authority.
Council also expanded income and financial worth limits for residents seeking real estate tax relief through the Elderly Persons and Persons with Disabilities Real Estate Tax Relief Program. The application deadline was also extended from Dec. 31 to June 30 of the taxable year.
Council also considered several special use permit ordinances involving proposed residential developments across Richmond. The proposals included multifamily housing, townhomes and other residential projects, including a development of up to 100 apartments on Overbrook Road and as many as 33 townhomes on Grove Avenue. The measures are intended to expand housing opportunities in the city.
In another action affecting city employees and retirees, council established an annual cost-of-living adjustment or supplemental payment policy for the Richmond Retirement System. Any adjustments or supplements will be subject to council appropriation.
Other actions included changes to parking restrictions near intersections, allowing longer no-parking zones in designated areas, and consideration of special use permit legislation intended to increase housing availability across the city.
Residents can find meeting recordings, legislation and additional details on council actions through the Richmond City Council legislative website.
