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.
FY2026-27 Budget Reconciliation
After the director of Budget & Management Services presents the city manager’s Proposed Budget to City Council, the budget documents are made available to the public. The City of Virginia Beach then holds budget workshops and public hearings. Further information from residents is gathered via SpeakUP VB and Balancing Act, which are made available via the City’s website. Using this feedback, City Council makes adjustments to the Proposed Budget as outlined in the two reconciliation letters below.
The FY2026-27 Budget is expected to be adopted on May 12 and the adopted budget documents will be made available to the public shortly thereafter.
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
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May 12, 2026
Virginia Beach City Council Votes to Adopt Revised FY 2027 Budget
Personal property owners will get up to $80 in tax relief per vehicle.
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April 6, 2026
Special City Council Public Hearings on Budget Planned for April 15 and 21
Residents also encouraged to offer budget input through various online methods.
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March 30, 2026
Use Online Tools to Set Your Own City Budget
Residents are encouraged to provide input on the proposed budget online and in hearings throughout April.
Latest News
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March 31, 2026
Public Hearings, Online Options for Residents to Provide Budget Input
Virginia Beach residents encouraged to provide input on proposed FY 2026-27 budget
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January 2, 2026
Nonprofit Community Organizations Can Apply for Grants to Serve Virginia Beach Residents
Applications accepted through Jan. 31
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October 6, 2025
City of Virginia Beach Earns Award for Excellence in Budgetary Reporting
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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.