Business & Tech
Benicia Prepares For Possible Closure Of Valero Refinery, Its Largest Employer And Top Taxpayer
"Valero represents in direct contributions to our economy between $10 and $12 million a year," said Benicia Mayor Steve Young.
June 2, 2025
The city of Benicia is bracing for a major economic shift as it prepares for the possible closure of the Valero Refining Company, the city's largest employer and primary source of tax revenue.
Find out what's happening in Beniciafor free with the latest updates from Patch.
"Valero represents in direct contributions to our economy between $10 and $12 million a year," said Benicia Mayor Steve Young.
That amount accounts for roughly 20% of the city's $60 million annual budget. If Valero shutters its operations next year, the financial hit could be even greater, as other businesses that depend on the refinery, such as restaurants, hotels, and service providers, may also be forced to close.
Find out what's happening in Beniciafor free with the latest updates from Patch.
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