Budget & Management Services
The City of Virginia Beach operates on a fiscal year that begins July 1 of each year and ends on the following June 30.
The City's budget provides funding for major construction projects, including projects for building new facilities, improving our transit system, maintaining our roads and parks, purchasing major equipment, etc.
FY27 Proposed Budget
Executive Summary
A comprehensive overview of the policies that guide the development and implementation of the annual budget. This document is designed to provide a quick understanding of the financing strategies of the City.
Operating Budget
Detailed information on the City’s anticipated spending needs for the upcoming fiscal year, beginning July 1 and ending June 30. It provides detailed discussions of revenues and appropriations for each department.
CIP Budget
The annual Capital Improvement Program (CIP) Budget is organized into sections based on functional areas, which include a brief description of the project, a financing plan and a map, if applicable.
The City Council will hold two public hearings in April to gather resident input on the budget. Both meetings will start at 6 p.m. and allow for in-person and virtual audiences. When your registration is approved, you'll receive an invitation to join the webinar:
- Wednesday, April 15, at the Virginia Beach Convention Center (Register for April 15 hearing).
- Tuesday, April 21, in the Council Chamber, City Hall, Bldg. 1 (Register for April 21 hearing).
Residents wishing to make comments during the hearings must register with the City Clerk’s Office by calling 757-385-4303 prior to 5 p.m. on the day of the hearing. If participating virtually, please also register via the Webex links above.
Do you have a specific budget question? Send it to budget@vbgov.com.
Input related to the budget also may be submitted via SpeakUpVB.com, now through 11:59 p.m. on May 5.
Budget-related comments can also be shared with the entire City Council at citycouncil@vbgov.com.
Latest Articles
-
Read full post
March 24, 2026
City Manager’s Proposed FY 2026-27 Budget Presented to City Council
If approved in final budget, personal property owners would get up to $80 in tax relief per vehicle.
-
Read full post
January 22, 2026
City Council to Discuss Budget Process and Timeline at Winter Retreat
The community can attend or watch the live stream of the meeting, Jan. 26-27.
-
Read full post
November 20, 2025
Five Key Takeaways from the Five-Year Forecast for Upcoming Budget Needs
Virginia Beach City Council and School Board get first look at Virginia Beach’s overall financial position for FY 2026-27
Latest News
-
Read Full Post
January 2, 2026
Nonprofit Community Organizations Can Apply for Grants to Serve Virginia Beach Residents
Applications accepted through Jan. 31
-
Read Full Post
October 6, 2025
City of Virginia Beach Earns Award for Excellence in Budgetary Reporting
-
Read Full Post
April 15, 2025
Special City Council Public Hearings on Budget Planned for April 16 and 22
Virginia Beach residents also encouraged to offer budget input through various online methods.
-
Read Full Post
October 3, 2024
City of Virginia Beach Earns Award for Excellence in Budgetary Reporting