Martinsville budget proposal outlines FY27 cuts and tax-rate increase recommendation

Martinsville City Council received City Manager Robert Fincher’s proposed fiscal year 2026-27 budget during its April 28 meeting, launching the city’s next phase of budget review before final adoption.

According to the city’s April 28 posting, the proposal includes targeted spending reductions across city operations and a recommended increase to the real-estate tax rate as officials work to close projected funding pressure.

City leaders have framed the plan as part of a broader fiscal-reset period tied to accountability, service sustainability, and balancing core operating costs with available local revenue.

For households and businesses across Martinsville and nearby Henry County, the next council budget discussions will be the key window for understanding final tax and service impacts ahead of the new fiscal year.

Source: City of Martinsville, "City Manager Presents Proposed FY 2026-27 Budget to Council" (posted April 28, 2026), martinsville-va.gov.