North Tidewater News

April 10, 2025 — During a preview of recommendations for Fiscal Year 2026, Hampton City Manager Mary Bunting proposed a one-cent reduction in the city's property tax rate per $100 of assessed value. This recommendation is intended to address rising property values in Hampton and, if approved by the City Council, would mark four consecutive years of tax rate reductions. The proposed rate would decrease to $1.14 per $100 of assessed value, accumulating a total reduction of 10 cents since Fiscal Year 2022.

“This adjustment aligns with our adopted real estate tax equalization guideline,” Bunting explained. “None of our peer benchmark communities have been as aggressive or consistent in lowering their rates, even as many have resources that we do not have.”

A graphic in the presentation highlighted that Hampton homeowners pay less in taxes compared to other cities in Hampton Roads. Additionally, Bunting suggested increasing monthly stormwater fees by $1 and wastewater fees by $2.74. A 3.5% general wage increase for civilian employees, slightly above the average in peer localities, was also proposed. Priorities from resident input sessions, known as I Value meetings, informed these recommendations.

Bunting's full statement to the City Council can be accessed through a provided link. The entire recommended budget will be available on April 15 online and in hard copy at the Hampton Public Library branches. The council is scheduled for public hearings on April 23 and May 7, allowing resident input before a final vote on May 14.

During the same session, the city’s budget office representatives presented the 2026-30 Capital Improvement Plan. This plan outlines funding and priorities for seven key initiatives: economic growth, educated citizenry, excellence in government, family resilience and economic empowerment, living with water, place-making, and a safe and clean community. The City Council has allocated $460.4 million toward these initiatives, with 49.2% directed to infrastructure and government excellence projects.

A full video of the work session is available online.