Public Hearing Notice
On Monday, May 23, 2022, at 6:30 p.m., Salem City Council will hold a public hearing in Council Room, City Hall, located at 114 North Broad Street, Salem, Virginia for the purpose of receiving public input on the 2022-2023 budget.
All persons shall be offered an opportunity to speak and state their views concerning all aspects of the budget within such reasonable time limits as shall be established by City Council. Persons desiring to speak may be asked to register at the meeting. Written comments of interested citizens will be received by the City Clerk prior to the hearing.
A summary copy of the budget may be viewed on the City of Salem website:
https://www.salemva.gov/Departments/Finance.
The recommended budget is summarized as follows:
Recommended Budget for Fiscal Year 2022-2023
RECOMMENDED REVENUES BUDGET 2022-2023
General Fund
General Property Taxes $44,905,191
Other Local Taxes $25,542,300
Permits and Licenses $342,740
Fines and Forfeitures $76,000
Revenue from Use of Money & Property $702,940
Charges for Services $3,479,253
Payment in Lieu of Taxes $3,274,929
Miscellaneous $313,500
Revenue from the Commonwealth $14,109,196
Revenue from the Federal Government $7,877
Transfers $16,649,631
Total General Fund $109,403,557
Special Revenue $30,349,731
Debt Service $5,515,967
Electric $42,442,568
Water $13,934,929
Sewer $13,446,000
Civic Center $4,163,768
Salem Catering and Concessions $759,079
School Component Unit
State Revenue, excluding Sales Tax $21,488,383
Sales Tax $4,693,267
Federal Revenue $5,650,323
Local Revenue $20,897,899
Other Revenue $505,886
Total School Component Unit $53,235,758
Total Revenues All Funds $273,251,357
Less Fund Transfers ($57,152,145)
Total Net of Transfers $216,099,212