At the Falls Church City Council meeting tonight, City Manager Wyatt Shields presented his recommended budget for Fiscal Year 2024 (beginning July 1) that proposes no change in the City’s real estate tax rate which now stands at $1.23 per $100 of assessed valuation. This comes despite the efforts by both the City government and the School Board to offer higher than usual compensation packages for their employees in the context of post-pandemic malaise,and heightened competition for quality work in the surrounding region.
The overall budget recommendation is to fund $118,382,643 in government ($48,346,511) and school ($49,583,251) services for the City’s 15,000 residents in its 2.2 square miles, up 4.9 percent from the current year.
Deliberation on the proposed budget will begin with a town hall at noon this Thursday at the F.C. City Hall, and final adoption by the Council will be May 8.