Norfolk City Council approves FY 2026 budget
NORFOLK, Va. (WAVY) — Norfolk's nearly $2 billion Fiscal Year 2026 Budget was approved by city councilmembers on Tuesday.
The approval comes after a public hearing on the proposed budget in early April, where residents were able to provide input to councilmembers regarding the 2026 budget.
Norfolk prioritizes employee recruitment, tourism in $2B proposed budget
While much of what was proposed in March was approved — such as a 2.5% wage increase for city workers — some proposals were changed after community input, including changing free parking in all downtown parking garages from one-hour to two-hours.
A release from the city states that the budget aims to maintain Norfolk's responsiveness to community and infrastructure needs and to focus on long-term financial stability for its residents.
Some key aspects of the approved budget can be found below:
$1.56 billion in funds for operating budget, including $3.2 million for community safety and health, $524,740 for transportation safety and maintenance and $7.8 million for maintenance and cleanliness of public facilities, spaces and infrastructure
$260 million in Capital Improvement Program funds
$6.7 million in Housing and Urban Development entitlement grants
Nearly $141 million in anticipated grant funding
Dedicated funding for sand replenishment
$450.3 million in local funding for Norfolk Public Schools
Phased implementation of a new step and grade compensation plan to enhance employee recruitment and retention
For more information on the budget, visit the City of Norfolk's website here.
Continue to check WAVY.com for updates.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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