Latest Department of Finance News Releases

For Fourth Straight Year, Virginia Beach Earns AAA Bond Ratings

Monday, April 08, 2013 · 11:00 am
Wall Street has, for the fourth year in a row, re-affirmed Virginia Beach’s standing as the best-managed city in Hampton Roads.  All three major ratings agencies have awarded Virginia Beach the highest possible bond rating of Triple-A.  Virginia Beach is the only city in H... ​

Minority Business Council Conference and Expo Set for Nov. 8

Thursday, October 18, 2012 · 10:00 am
The Virginia Beach Minority Business Council will hold its 14th annual Conference and Expo on Thursday, Nov. 8, at the Virginia Beach Convention Center, 1000 19th St. Event registration and networking will begin at 2 p.m., with a small reception at its conclusion.   This y... ​

City Receives Award for Excellence in Financial Reporting

Wednesday, August 15, 2012 · 01:30 pm
For the 31st consecutive year, the City of Virginia Beach has been awarded the Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Association of the United States and Canada for its Comprehensive Annual Financial Report (CAF... ​

City of Virginia Beach Receives Two National Awards for Diversity

Thursday, July 05, 2012 · 05:00 pm
​ The City of Virginia Beach Inclusion and Diversity Council (IDC) was recently honored by two national organizations for its efforts to ensure that the city organization embraces diversity and creates and sustains an environment of inclusion for all employees.  The IDC, f... ​

After 14 Successful Years, City Ends Lynnhaven Mall TIF District

Wednesday, June 27, 2012 · 11:30 am
Fourteen years after it began, the city’s Lynnhaven Mall Tax Increment Financing (TIF) District is over – having achieved everything it was created to accomplish. Today, the city made its last payment under the TIF plan -- $1.7 million – and city leaders declared the dist... ​

Minority Business Council Elects New Officers

Wednesday, June 20, 2012 · 12:30 pm
The Virginia Beach Minority Business Council has installed new officers for the coming year. They are: Wanda Cooper, chairperson Carla Bailey, vice chairperson Linda Bright, secretarial officer Amma Guerrier, financial counselor The officers were sworn in June 8 by... ​

For Third Straight Year, Virginia Beach Earns AAA Bond Ratings

Monday, April 09, 2012 · 11:30 am
Wall Street has re-affirmed Virginia Beach’s standing as the best-managed city in Hampton Roads.  All three major ratings agencies once again have awarded Virginia Beach the highest possible bond rating of Triple-A. This is the third straight year Virginia Beach has earned ... ​

Virginia Beach Minority Business Council Announces Award Recipients

Thursday, November 10, 2011 · 12:15 pm
The Minority Business Council of Virginia Beach held its16th annual Conference and Expo on Thursday, November 3, 2011 at the Virginia Beach Convention Center.  In honor of the event, the Council granted the following awards: Minority-Owned Business of the Year           ... ​

Virginia Beach Minority Business Council Will Hold 2011Conference and Expo

Wednesday, October 26, 2011 · 11:15 am
The Minority Business Council of Virginia Beach will conduct its16th annual Conference and Expo on Thursday, Nov. 3 at the Virginia Beach Convention Center.  The theme of this year’s expo is “Connect & Grow Your Business.” Jim Cheng, Virginia Secretary of Commerce and ... ​

Wall Street: Virginia Beach Still the Best-Managed City in Region

Wednesday, June 29, 2011 · 11:30 am
Once again, Wall Street has given Virginia Beach its highest possible endorsement, re-affirming Virginia Beach’s standing as the best-managed city in the region. As a result, the city last week raised $90 million by selling general obligation bonds at an extremely low inte... ​