HomeMy WebLinkAboutI. A. FY 2025- 26 RESOURCE MANAGEMENT PLAN ( BUDGET) 2. COMMISSIONER OF THE REVENUEPROPOSED FY 2025-26 OPERATING BUDGET
City of Virginia Beach
Philip J. Kellam
Commissioner of the Revenue
April 8, 2025
Department Organization Summary
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Total FTEs Number of Divisions Total FY 2025-26 Budget
65.93 1 $7,508,247
FY 2025-26 Programmatic Budget
Revenue
$153,4102%
$945,09513%
$6,409,74285%
DMV Select State City
Expenses
$1,478,417
20%
$6,029,830
80%
Operating Personnel
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Department Operating Budget Summary
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Program FY2024-25
Amended
FY 2024-25
FTE
FY 2025-26
Proposed
FY 2025-26
FTE Change ($)Change (%)
Personnel 5,892,649 64.93 6,029,830 65.93 137,831 2.4%
Operating 1,287,899 -1,478,417 -190,518 14.8%
Total 7,180,548 64.93 7,508,247 65.93 327,699 4.6%
Major Changes
Business Taxes
Payments Total CY23 Online CY24 Online % Increase/Decrease
BPOL $65.9m $18.5m $24m 29.73%
Meals Tax $96.8m $49.4m $55m 11.34%
Transient Occupancy $52m $35.5m $40.9m 15.21%
Business Accounts Online 31.7k 17.2k 20.2k 17.44%
Tax Relief
Personal Property CY23 CY24 % Increase/Decrease
Elderly & Disabled 920 928 0.87%
Veterans*1946 3207 64.8%
Online Personal Property Appeals 13,235 12,137 -8.30%
Real Estate FY24 FY25 % Increase/Decrease
Elderly & Disabled Real Estate $13.7m $14.4m 5.1%
Veterans Real Estate $21.7m $27.8m 28.29%
*This relief applies to a second vehicle owned by the applicant. The first vehicle owned by a 100% disabled veteran
is fully exempt; the tax system does not track the amount exempted for the first vehicle ($0.00). 5
Initiatives Underway and Conclusion
•Initial phase of sourcing a vendor for new tax software for COR, TRO, and Zoning.
•Continuing to enhance online tax filing and
payment processes.
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