F.C. City Manager Proposes 8.2% Increase in City Budget for FY14

Falls Church City Manager Wyatt Shields unveiled his proposed Fiscal Year 2014 budget tonight that calls for an 8.2 percent increase over the current fiscal year budget, from $69,317,704 to $74,986,375. The budget calls for an increase in the real estate tax rate from $1.27 to $1.33 per $100 of assessed valuation, but recommends an “advertised tax rate” of $1.41, an additional eight cents, to “provide the Council with flexibility in its budget deliberations,” Shields said in a letter accompanying the 238-page proposed budget.

Budget variables include the degree to which the Council will provide the 12.9 percent increase in the School Board’s requested transfer and to fund storm water improvements. A mitigating impact in the proposed budget is a reduction in fund balance restoration by 81.8 percent from $1.1 million to $200,000.