Monday, March 11, 2013
Tax hike, no employee raises are some of the issues supervisors will tackle in committee meeting for Fiscal Year 2014 spending plan
The Fairfax County Board of Supervisors will begin to dig into the meat of the Fiscal Year 2014 budget during its first budget committee meeting Tuesday afternoon. Supervisors will gather at 1 p.m. Tuesday in conference rooms 9 and 10 at Fairfax County Government Center to begin hammering out the details of County Executive Ed Long’s $7 billion advertised budget, which features no raises for employees and a slightly higher tax rate. The committee is also expected to go over the $2.5 billion Fairfax County Public Schools budget for fiscal 2014. School Board members requested $95 million from supervisors, a 5.5-percent increase in transfer, for a total of $1.78 billion. But Long was only able to give schools a 2 percent increase in transfer…
Thursday, March 7, 2013
Supervisors advertise a higher real estate tax of $1.095 per $100 of assessed value, a 2-cent increase from the current rate but not as high as one supervisor hoped.
The Fairfax County Board of Supervisors has set the FY 2014 budget’s advertised real estate tax rate at $1.095 per $100 of assessed value, a 2-cent increase from the current rate of $1.075. Supervisors approved the rate in a 9-1 vote Tuesday after killing an amendment from Supervisor Gerry Hyland (D-Mount Vernon) to raise it another 1.5 cents to $1.11 per $100 of assessed value. Hyland’s proposal would have hiked the average resident’s taxes $332, but was shot down in a 8-2 vote against the amendment. Once the Board sets an advertised tax rate, it can’t legally adopt one any higher. Hyland argued that with the unknown effects of sequestration on the horizon, the Board should advertise a rate that would give it room to adjust to cuts and …
Tuesday, November 13, 2012
Officials seek input on how to address projected yearly shortfalls of $100 million. Public meetings are this week.
Fairfax County officials want public input on possible cuts and funding priorities in the fiscal year 2014 and 2015 budgets. According to a presentation by county staff, revenues for the next two years are expected to grow minimally – less than 3 percent. But expenditures are projected to be closer to 5 percent. This leaves the county with a projected shortfall of $100 million per year, said County Executive Ed Long. “The combination of flat revenue growth due to the slow economic recovery and increasing demand and requirements for services means that the county faces a projected budget shortfall of more than $100 million in both FY 2014 and 2015,” Long said in statement. In light of these factors, Long has already instructed county …
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2310 Colts Neck Road, Reston, VA
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8350 Richmond Hwy, Alexandria, VA
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12000 Government Center Pkwy, Fairfax, VA
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Jennifer LeFevre
10:49 am on Thursday, March 7, 2013
Has the Board also considered the income that will be generated by the significant increases in property value assessments? As the real estate market starts to rebound and property values rebound with it, the increase in value assessments (such as the one I just received) will also bring in more money. I've not read anywhere (here and other local media) that they have factored in those increases… more ›