Deal between city and Chevron erases budget deficit, puts $550 million into general fund

Chevron Corp. has agreed to pay Richmond $550 million over the next decade in exchange for the city dropping a proposed refinery tax from the November ballot. The mayor’s office announced the deal in an Aug. 8 news release, saying the agreement enables the city to avoid being sued by Chevron, while achieving the same … Continue reading Deal between city and Chevron erases budget deficit, puts $550 million into general fund