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Charlottesville’s FY25 Surplus Totals $8.5 Million
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Charlottesville’s FY25 surplus totals $8.5 million
The City of Charlottesville had another budget surplus in the fiscal year that ended June 30, 2025 but it was much smaller than in recent years. Chris Cullinan, the city’s director of finance, has written a letter to Council informing them the yearly audit found a surplus of $8,502,178. That’s about 3.4 percent of the adopted FY25 budget. “The FY25 surplus is much smaller than the last several years both in both dollar amounts and as a percentag…
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