CAPE CHARLES, Va. — The Town of Cape Charles has released its proposed budget for fiscal year 2026, outlining a balanced spending plan totaling nearly $19.7 million across all funds, with zero deficit.
The General Fund, which supports the town’s core operations, includes $7.86 million in both projected revenue and expenditures. The largest expenditure is for the Town Manager’s office, budgeted at more than $3.9 million—accounting for roughly half of the fund. Other notable allocations include $1 million for Public Works, $902,641 for Police, and $616,701 for Finance.
Smaller departments such as the Clerk’s Office, Library, and Code Enforcement are allocated $110,445, $262,124, and $210,035 respectively. Information Technology will receive $375,114, and Planning & Zoning is slated for $402,538. Legislative activities are budgeted at just over $50,000.
In addition to the General Fund, the proposed budget includes:
- Capital Projects Fund: $6.77 million in revenue and expenditures, with funds likely earmarked for infrastructure and long-term improvements.
- Debt Service Fund: $3.95 million to cover loan and bond repayments.
- Utility Fund: A small $80,000 allocation, balanced with equal revenue.
- Harbor Fund: $1 million in projected revenue and spending, sustaining operations at the town harbor.
All funds are balanced with no surplus or deficit projected, in line with the town’s fiscal policies.
The Town Council of Cape Charles will discuss more details and vote on the proposed budget at the next Regular Town Council Meeting on June 18th.
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Wonder where all this money is coming from all of a sudden.