News

F.C. Property Taxes Revenues Up for 1st Quarter

Falls Church’s new Director of Finance Kiran Bawa presented the first quarter of Fiscal Year 2018 (July 1 to September 30, 2017) City revenue and expenditure results to the City Council Monday night, and while all the data remains too preliminary to establish any important trends, Bawa reported, the most notable was a jump of $408,000 above projections in personal property tax revenues, eight percent above expectations associated with the addition of 177 cars in the first quarter and a boost of 20 percent for business equipment and furniture. Meals taxes were up from expectations, but sales tax revenues were slightly behind. Expected revenue from licenses and permits was down, primarily attributed to the delay in the Founder’s Row project.