RICHMOND, Va. -- In an effort to make paving top priority, Richmond mayor announced a $32 million investment in roads, sidewalks as a part of his fiscal year 2020 budget.
The proposed roads, sidewalks investment nearly doubles the $16.2 million included in Stoney’s 2020 budget.
That budget invested $15 million in paving roads and $1.2 million in sidewalk maintenance and placement.
“Last year’s historic investment, and this year’s record commitment to double our efforts to pave more roads and improve our network of sidewalks, is a major step toward meeting our $100 million in city infrastructure needs after years of deferred maintenance,” said Stoney Wednesday.
Of the proposed $30 million investment, Stoney says $15 million will come out of the city’s coffers, and the remaining $15 million will come from state revenue generated and reinvested in the region by the creation of the Central Virginia Transportation Authority through the passage of HB 1541.
“We are committed to doing the basic blocking and tackling of city government, and these investments underscore our commitment to improving the quality of life for all our residents and making Richmond the best place to live, work, and play,” said Stoney.