Martinsville City Council has moved into a multi-session budget review window after City Manager Robert Fincher presented the proposed FY 2026-27 budget during the April 28 council meeting.
In the city’s April 29 release, officials said the draft follows a fiscal gap tied to prior-year revenue and expenditure mismatches, and it proposes a package of cost controls including a hiring freeze and lower discretionary spending.
The proposal also recommends increasing the real-estate tax rate by $0.09 to $0.84 per $100 of assessed value. City leaders said the line-item budget will be examined through work sessions scheduled between April 30 and May 6 before final council action.
For Martinsville-area households and employers, the work-session phase is the key period to track possible service-level effects and the final tax structure that will shape the next fiscal year.
Source: City of Martinsville, "City Manager Presents Proposed FY 2026-27 Budget to Council" (posted April 29, 2026), martinsville-va.gov.
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