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We put students first, seek growth, are open to change, do great work together and value differences.
2512 George Mason Drive • P.O. Box 6038 Virginia Beach, Virginia 23456-0038   757.263.1000 • 757.263.1240 TDD

Budget and Finance

The City of Virginia Beach and VBCPS address school funding through a revenue sharing agreement. A revenue agreement was first forged in 1997 but has been altered occasionally. Under the current agreement, which was adopted by both the City Council and the School Board Nov. 20, 2012, VBCPS receives 32.37 percent of the city’s 14 general fund revenue streams generated by non-dedicated local taxes. The previous agreement provided the schools a higher percentage of revenues at 51.3 percent, but gave access to only seven revenue streams.

FY 2016-2017

Operating Budget

Comprehensive Financial Report

Capital Improvement Program (CIP)


Last Modified on Tuesday, January 3, 2017