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Fairfax City Manager Unveils Proposed FY19 Budget - Source Connection news papers

Posted on Mar 08,2018
Filed Under Local Politics , Politics,

FY ’19 General Fund revenue.

Source Connection news papers

By Bonnie Hobbs

FAIRFAX - Fairfax City Manager Bob Sisson’s proposed Fiscal Year 2019 budget recommends a 2.25-cent hike in the real-estate tax rate. But during his Feb. 27 presentation to City Council, he also stressed the “gold-standard services and outstanding amenities” residents receive in return, plus their low tax burden compared to neighboring jurisdictions.

The proposal would increase the real-estate tax rate from $1.06 per $100 assessed valuation to $1.0825. If approved, it would mean the owner of a home valued at $523,915, for example, would pay $143 more a year in property taxes. The average residential tax bill would increase 2.6 percent.

Still, said Sisson, “The City of Fairfax is truly a good value for residents.” And since the real-estate tax yields 50 percent of City of Fairfax’s General Fund revenue, he said the money’s needed to keep providing the quality of life citizens here enjoy.

He explained the many factors informing the preparation of this budget, including the desire to maintain the City’s AAA bond rating. And he said budget savings in FY ’17 and ’18 were used to help balance the FY ’19 budget.

Source Connection news papers

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