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Monthly report shows spike in delinquent taxes, but history says the money is on the way
['The Richmonder', 'Sarah Vogelsong', 'Graham Moomaw']
The Richmonder
Monthly report shows spike in delinquent taxes, but history says the money is on the wayEach month, Richmond’s elected representatives are given a look into the city’s financial state.
The June report is particularly volatile because car tax payments are due on June 5, and state law marks a payment delinquent the following day.
One concern is that unpaid taxes become uncollectable after 20 years, but taxes from that time range represent a small amount of the delinquent taxes overall.
What wasn’t immediately clear is why the city has received some tax revenues that aren’t reflected in the monthly report.
The city provided a chart to The Richmonder showing that the June spike in delinquent taxes has historically been followed by a reduction in future months, as shown in the monthly reporting to Council.