Fund Balance Stabilization Key, Manager Insists
Falls Church City Manager Wyatt Shields unveiled his long-awaited recommended Fiscal Year 2012 budget to the F.C. City Council Monday, and while the balanced revenues and expenditures for $64,511,451 represent a modest 0.7 percent increase over the current year, they are achieved through a one-cent tax rate increase, salary cuts for all City employees and a net six layoffs.It also involves a five cent tax overlay on commercial properties.