Monthly Archives: June 2011

City Hall’s 60 Million Dollar Spending Spree

Rachel DePompa – bio | email

Let the quibbling begin! This week we learned Richmond’s Mayor had scored big. He negotiated a deal with the Richmond Metropolitan Authority (RMA) for $60 million. The money is a decades-old debt, owed to the city from when the Downtown Expressway was built. It was supposed to be repaid in 2022 when the road was officially turned over to the city. Jones got it much earlier than expected and kicked off a welcome “firestorm.” Everyone has an opinion on what to do with the money.

Which brings us to today. Three city council members called for a press conference. It was clear, the mayor’s announcement of the money and some of his ideas for spending it had hurt some feelings. Marty Jewell wondered  aloud why the Mayor hasn’t yet asked for council member opinions on how it should be spent. It was clear today, we’re in for a long debate over how the money should be budgeted.

The mayor made said on Tuesday, he believes some of the money should go to the communities that were pushed aside when the Expressway was built.  He’s targeting poverty and believes several projects in those area would boost the tax base and spur development. He’s made suggestions about helping build a new ball park and re-paving areas like Jeff Davis Highway.

Reva Trammell, Marty Jewell and Bruce Tyler focused on Richmond’s historically high tax rates. Trammell says the city should find ways to lower the admissions tax, meal’s tax and real estate tax. Tyler added, “At the end of the day we have to figure out a way to reduce taxes so that we can take the burden off the citizens.”

Jewell said, “clearly there are a lot of needs. Some of his approach (the mayor) makes sense, but then there are other ideas. We’re not short of them on council.”  Trammell added, “The money belongs to the citizens of Richmond, not the mayor, not the council.”

Council President Kathy Graziano was not a part of the press conference. She said today that the city should be cautious with the money; spending as much time “saving it” as spending it.

Now the city doesn’t actually get any of this money until at least November and you probably won’t see it budgeted until the 2012-13 budget cycle. So, there’s several months for the mayor and council to get together and work out a plan.

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Filed under Budget, City Council, City Hall, Dwight Jones