The City of Falls Church’s Chief Financial Officer Richard LaCondre reported to the City Council at its work session Tuesday that “there continue to be positive signs that revenue projections are meeting or exceeding targets” for the comparable July-December period of the previous fiscal year.
He noted that personal property taxes are $528,000 higher than budgeted, sales taxes $194,000 ahead of budget and meals taxes $119,000 ahead. On the other hand, he noted, combined other taxes are running behind by $236,000 the previous year’s period. The positive impact of the new BJ’s Wholesale Warehouse was credited with the sales tax boost.
