Applicable Fiscal Years: 2023 - 2024
Report Category: Fiscal Distress Monitoring
This letter includes the Office's correspondence regarding our identification of the Town of Tangier (Tangier) as part of the local fiscal distress process in accordance with § 15.2-2512.1 of the Code of Virginia.
As part of the Office’s 2025 monitoring process, we identified Tangier for additional follow-up review. Based on our follow-up review completed with the town, the Office has determined that Tangier meets the criteria for fiscal distress in the context of the Commonwealth’s early warning system. Accordingly, the Office provides this notification as our formal recommendation that the Commonwealth consider providing state assistance to further assess and help remediate Tangier’s situation and support the town’s efforts to address the factors contributing to fiscal distress, as further outlined in this letter.