How to best spend the $20 million in cash that has come to the City of Falls Church from the sale of its water system to Fairfax County last January has been the subject of considerable deliberations by the Falls Church City Council this year, and City Manager Wyatt Shields outlined three possible scenarios with their pluses and minuses.
Plan One would use $11 million to fund the City’s pension fund, $8.5 million to capital projects and $1 million for infrastructure improvements. Plan Two would dedicate all $20 million to capital improvements, lowing the cost of borrowing to build new schools, for example. Plan Three would split the $20 million evenly between the Pension Fund, capital improvements and infrastructure maintenance.
A town hall meeting will be held Oct. 11 at Council chambers in City Hall to mull all three options, and the Council will give a first reading to its preferred option on Oct. 14.