The City of Fredericksburg’s FY 2027 budget includes a $1 million transfer from the Fredericksburg City Public Schools operating fund balance to the city’s operating fund.
The transfer was detailed during a budget work session and second reading ahead of final approval on May 12, 2026. Deputy City Manager Mark Whitley noted that city and school staff, along with Vice Mayor Charlie L. Frye, Jr. and Council Member Jannan W. Holmes, met regarding the move. Whitley described it as “a good option” that allows the schools to accomplish their goals.