County Executive Releases Budget Proposal
February 28, 2012 – Today, Fairfax County Executive Tony Griffin presented his proposed budget to the Board of Supervisors. This proposed budget reflects the difficult economic situation we are still in as we recover from the Great Recession. We are not yet out of the woods, but we are seeing some modest growth. At the end of this year’s budget process, our Board, with the participation of the community, will adopt a budget that invests in Fairfax County’s priorities and supports our goal of keeping it the best place to live, work, play and grow older comfortably.
County staff will now begin an extensive community outreach program including a series of public meetings around the County to receive feedback on this proposed budget. Please visit the County’s budget page (http://www.fairfaxcounty.gov/dmb/) to see a complete schedule of budget meetings, sign up to speak at one of three public hearings in April, or submit your questions to Ask Fairfax with Tony Griffin on Feb. 29.
Today is the first time the Board of Supervisors has seen the County Executive’s proposal. Between now and adoption on May 1, Board members will examine the proposal, meet with community leaders, business groups, and non-profit organizations, to ensure the budget invests in our community’s priorities while remaining sensitive to our tax payers. An engaged community is key to a successful budget.
The County Executive’s proposal reflects the difficult economic situation the country is facing. However, Fairfax County remains an economic leader. We are one of only eight states, 39 counties and 34 cities that have a AAA rating from the three major credit ratings agencies. This distinction has saved over $538 million in financing costs over the past 30 years ( http://www.slideshare.net/fairfaxcounty/fairfax-board-of-supervisors-presentation-final). Our unemployment rate remains well below the national rate, average home prices are stabilizing, and homes are beginning to sell as quickly as before the recession.
One major component of the County Executive’s proposal is the advertised tax rate. The rate, when advertised by the Board on March 6, will represent the maximum potential tax rate for FY2013. Through the budget process, the Board may adopt a rate lower than the advertised rate, but cannot adopt a higher rate. According to the County Executive’s proposed budget, one penny of the tax rate is equal to roughly $20 million in the general fund and $45 for the average Fairfax County residential tax bill. The Board of Supervisors has set policy directing the County Executive to attempt to keep taxes steady with FY2012.
Through my Bulova Byline newsletter, website (http://www.fairfaxcounty.gov/chairman/), and Facebook page (http://www.facebook.com/SharonBulova), I will offer my thoughts on the budget as the process unfolds. I look forward to having the community at the table as we work together to keep Fairfax County the incredible place it is today.
Chairman, Fairfax County Board of Supervisors