Virginia Beach, City of
Planning District: Hampton Roads Planning District Commission
Entity Type: CityVisit Borrower's Website
The present City of Virginia Beach, Virginia was formed on January 1, 1963, by the merger of Princess Anne County and the former smaller City of Virginia Beach. Virginia Beach is an independent, full-service city with sole local governmental taxing power within its boundaries. The City is established under Title 15.2 of the Code of Virginia, 1950 and as amended and is subject to the Public Finance Act in Title 15.2 Chapter 26 which allows a city in Virginia to issue bonds and notes secured by a pledge of its full faith and credit and unlimited taxing power.