FY 2008 Adopted County Budget


 

Contact: Joseph Mondoro
Department of Management and Budget
Joseph.Mondoro@fairfaxcounty.gov
703-324-2391 / TTY 711

April 30, 2007

Fairfax County Board of Supervisors Adopts Fiscal Year 2008 Budget

On April 30, 2007, the Fairfax County Board of Supervisors adopted the fiscal year 2008 budget, which begins on July 1, 2007. Last Monday, the Board marked up the budget proposal. Today’s action meant that they formally adopted last week’s mark-up. 

The budget approved by the Board provides for a balanced budget based on General Fund Revenue growth of 2.34 percent over the FY 2007 Revised Budget Plan and 2.34 percent over the FY 2007 Adopted Budget Plan. The Board also approved total General Fund Disbursements of $3.3 billion, an increase of $28.41 million or 0.86 percent over the FY 2007 Revised Budget Plan. Excluding adjustments in the current fiscal year, the actual increase over the FY 2007 level is $103.73 million or 3.23 percent over the FY 2007 Adopted Budget Plan. Approximately $66.97 million or 64.6 percent of this budget growth is associated with increased funding for Fairfax County Public Schools (FCPS), while funding for new facilities and public safety account for approximately 11.2 percent of the increase.

The Board’s funding decisions reflect their ongoing commitment to achieving their strategic priorities, which are as follows:

  • Strong investment in education
  • Public safety and gang prevention
  • Affordable housing
  • Environmental protection
  • Transportation improvements
  • Revenue diversification to reduce the burden on the homeowner

As part of the Board’s targeted investments in public safety, the environment and diversifying the revenue base, the adopted FY 2008 Budget includes funding to address domestic violence; wildlife management, especially in light of the recent rise in Lyme disease cases; environmental initiatives; and a refocusing of revitalization efforts in the County.

Despite a small decrease in overall residential assessments, the Board of Supervisors maintained the real estate tax rate at $0.89 per $100 of assessed value. Fairfax County is one of only a few localities in Northern Virginia that has not raised its real estate property tax rate to make up for declining residential assessments. The reduction of $0.34 in the tax rate from $1.23 to $0.89 between FY 2002 and FY 2007, and maintained in FY 2008 reflects the ongoing commitment of the Board to alleviating the burden on the homeowner in the face of rising assessments during the last six years, while protecting the investment in the community and County services valued by residents. As a result, the typical household will pay $4,830, an average decrease of 0.33 percent or $16 annually less than the FY 2007 bill as a result of the decline in the average assessed value from $544,541 to $542,744. 

Despite lower revenue growth than originally forecast, the Board maintained its commitment to funding a 3.5 percent increase in the transfer to Fairfax County Public Schools in addition to $8 million for the second phase of the Initiatives for Excellence. This results in a total increase to FCPS of 4.0 percent. Prioritizing education needs over other sectors of the budget required a 2 percent across-the-board reduction, or $16 million, in County agency compensation budgets and restricted spending in all other areas. In order to meet this lower targeted spending level, County agencies must hold vacant positions empty, thereby further stretching existing staff to perform more with less.

Information on the FY 2008 budget is available by calling the Department of Management and Budget at 703-324-2391, TTY 711, as well as on the County’s Web site at www.fairfaxcounty.gov/dmb.  

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