The Fairfax County Board of Supervisors will start the Fiscal Year 2014 budget review process 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, or $33.7 million. School Board officials say this transfer isn’t nearly enough for the expected increase in future enrollment.
Last week, Supervisors voted 9-1 to advertise an increased real estate tax rate of $1.095 per $100 of assessed value, 2 cents higher than the current rate. If approved, Long said it would increase the average Fairfax County homeowner’s real estate tax bill by about $262.
The Board also approved a 1.5-cent bump in the county’s commercial and industrial tax, or C&I tax, bringing the advertised rate to 12.5 cents. Under the new increases, commercial and industrial property owners would pay $1.22 per $100 of assessed value.
The money generated by the C&I tax is specifically for transportation projects, and the new $1.22 rate would raise about $6 million annually.
For the full budget calendar, click here.
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