budget

Freshman top execs Maurice Jones, left, and Tom Foley, present their budgets for Charlottesville and Albemarle, respectively.

Signs of spring? New execs offer slight optimism in budgets

For the past couple of years, Charlottesville and Albemarle have faced grim downturns in revenue compared to the high-flying days of the real estate boom and ensuing high tax revenues that filled municipal coffers. This year's draft budgets from the new leaders, Tom Foley i

City budget falls just one percent

Unlike deeply cut Albemarle, Charlottesville proposes a $141 million budget that will fall just 1.19 percent while still funding new sidewalks, storm water programs, parkland acquisition, and housing initiatives. The budget keeps the current 95 cents per $100 value tax rate
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