Politics & Government

On the Agenda: Proposed Fiscal Year 2014 Budget

What's on tonight's council agenda.

Council members will go over the proposed City of Fairfax budget for fiscal year 2014 at tonight's meeting in City Hall.

The proposed budget addresses a $5.2 million deficit as well as increases in capital improvement projects and the city's school tuition bill.

Last year the council voted to raise the 2013 real estate tax by 7 cents.

Find out what's happening in Fairfax Citywith free, real-time updates from Patch.

Highlights: 

  • The city expects $121,432,548 in General Fund revenues for FY 2014. These revenues are made up of real estate, personal property and other local taxes.
  • Staff expects assessed residential and non-residential property values to increase 2.9 percent. This gives city staff an additional $2,064,621 to use in balancing the FY2014 budget.
  • But the city took $2,184,803 in non-recurring income out of last year's budget to fund operations. This gives the city $833,195 in additional funds to work with in balancing the FY2014 budget (additional smaller increases included).
  • The city expects $126,638,577 in General Fund expenses for FY2014.
  • Fairfax City's service contract with Fairfax County Public Schools is the largest non-discretionary expense item. This is expected to increase by $894,438 over last year's tuition bill.
  • The city may also have to contend with an additional $3,126,386 in capital improvement projects over 2013.
  • Additional city employee leave, compensation, performance-based increases and COLA means an additional $1,136,926 in expenses.
  • City staff expects expenses to increase by $6,039,224 in FY2014.

Council members will work with staff until they adopt a budget in May.

Find out what's happening in Fairfax Citywith free, real-time updates from Patch.

The meeting is scheduled for 7 p.m. Watch it live online here.

 



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