Hampton city officials discussed the economic outlook for Fiscal Year 2026 during a City Council work session on Wednesday, presenting preliminary revenue projections depicting a strong financial forecast. The projections indicate expected revenue of $469.8 million, marking a 4.6 percent increase over 2025. Revenues from meal taxes and sales and use taxes are projected to grow by 4 percent and 6.4 percent respectively. The fiscal year will commence on July 1.
City Manager Mary Bunting is set to present her recommended budget for FY2026 on April 15. The council will subsequently hold public hearings on April 23 and May 7, before voting on the finalized budget on May 14.
Additionally, the council reviewed results from the I Value survey, which gathered resident input on budget priorities through various meetings and an online survey. The Hampton Electoral Board also brought forward recommendations on altering certain city precincts and polling places. Despite suggestions, no definitive decisions were made by the council.
During a legislative session, the council received a briefing on Hampton’s involvement in the Bloomberg American Sustainable Cities initiative, launched in March 2024. This initiative aims to tackle unique city-specific challenges, with Hampton being one of the 25 participating U.S. cities.
Lastly, a ceremonial session was held to acknowledge a new display at the Hampton History Museum, dedicated to the Virginia School for the Deaf and Blind. This display includes photos and historical information, along with descriptions in Braille.
Click here to watch the full video of all three meetings.
