Taxes and the budget
Where it standsThe council adopted its FY 2027 budget on May 26, 2026 in split votes, after a 2025 fight over real estate and lodging tax rates.
What's on the tableThe next council writes the FY 2028 budget and sets tax and utility rates.
- The council voted 4-3 on May 26, 2026 to appropriate the FY 2027 General Fund operating budget, excluding schools and discretionary external providers. Lynchburg City Council minutes, May 26, 2026 · May 26, 2026
- A proposed lodging tax increase from 6.5% to 12.5% and from $1 to $10 per room per night was denied on a 5-2 vote on May 27, 2025. Lynchburg City Council minutes, May 27, 2025 · May 27, 2025
- On May 27, 2025 the council voted 4-3 to direct staff to produce a budget at an equalized real estate tax rate. Lynchburg City Council minutes, May 27, 2025 · May 27, 2025
- On June 9, 2026 the council voted 5-2 to adopt higher water and stormwater rates, with a combined impact of about $1.06 per month for a typical residential customer. Lynchburg City Council minutes, June 9, 2026 · Jun 9, 2026