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We put students first, seek growth, are open to change, do great work together and value differences.

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2512 George Mason Drive • P.O. Box 6038 Virginia Beach, Virginia 23456-0038   757.263.1000 • 757.263.1240 TDD

Budget and Finance

To provide a stable source of local funding for public schools, the City Council first adopted the City/School Revenue Sharing Policy in 1997 and revised the agreement in December 2015. Within the policy, the discretionary local match allocates local tax revenues to VBCPS using the Revenue Sharing Formula and a real estate tax dedication. There are 14 non-dedicated local tax revenue streams used to calculate the RSF: real estate taxes; personal property taxes; general sales taxes; utility taxes; Virginia telecommunications taxes; Business Permit and Occupational License (BPOL) taxes; cable franchise taxes; cigarette taxes; hotel room taxes; restaurant meals taxes; automobile license taxes; bank net capital taxes; city taxes on deeds; and city taxes on wills.

FY 2018-2019

Operating Budget

Comprehensive Financial Report

Capital Improvement Program (CIP)


Last Modified on Tuesday, May 29, 2018