Norfolk’s draft budget includes one of the city’s largest projects in a generation.
The $2.6 billion Coastal Storm Resiliency Management project is slated to encompass almost 8 miles of floodwalls with various other storm management infrastructure. The work is expected to be completed over the next decade.
This year’s city budget estimates $93 million annually for the project. The total is $428.6 million by the end of fiscal year 2028.
Norfolk anticipates receiving $214.3 million in federal or state funds, $80 million in grants and financing the rest through $64 million in cash and just over $70 million sourced from bonds.
The exact amount sought from the state for the project is still being determined through conversations between state and city representatives.
About the Author
A regulated retail cannabis market should have been setup within the year following the legalization of cannabis... It was foolish…
You got it right except its not just Northampton County , Its the entire country
How can it be taxed if its still illegal Federally. My understanding is these dispensaries cannot have bank accounts due…
Another political get more money for the politicians and those supporting power and greed . Theres been more civil unrest…
Thank you. Fresh air at last.