Board of Supervisors Marks Up FY 2013 Budget
April 24, 2012
- Real estate tax rate will increase a half cent to $1.075 per $100 of assessed value.
- Stormwater fee will increase a half cent to $0.020 per $100 of assessed value.
- Transfer to schools is $1.85 billion or 52.2 percent of total county disbursements.
- Includes additional compensation increases for county staff.
- Proposed bond referendum for parks increased from $50 million to $75 million.
Today, the Fairfax County Board of Supervisors marked up the proposed Fiscal Year 2013 Budget, which begins on July 1, 2012. The marked-up budget includes a real estate tax rate of $1.075 per $100 of assessed value, a half cent increase from the $1.07 rate in FY 2012. In addition, the stormwater fee in FY 2013 will rise from $0.015 to $0.020 per $100 of assessed value. Formal adoption of the budget is May 1.
The FY 2013 plan marked up by the board provides for a balanced budget based on a General Fund Revenue increase of 5.05 percent from the FY 2012 Adopted Budget Plan. General Fund Disbursements are projected to total $3.54 billion, an increase of $160.3 million or 4.75 percent from the FY 2012 Adopted Budget Plan.
The total county transfer to support School Operating and Debt Service is $1.85 billion or 52.2 percent of total county disbursements.
The proposed FY 2013 Budget funds merit increments and longevities for public safety employees on their anniversary dates beginning June 30, 2012, and a 2.5 percent performance-based scale and salary increase in January 2013 for all non-public safety merit employees. These compensation increases are in addition to a Market Rate Adjustment (MRA) of 2.18 percent, effective in July 2012, as presented in the county executive’s advertised budget plan.
In addition, there will be a net increase of 24 county staff positions, including reductions of 26 positions, offset by 50 new positions.
The Board of Supervisors also increased the proposed $50 million bond referendum for the Park Authority to $75 million; $63 million for Fairfax County parks and $12 million for the Northern Virginia Regional Park Authority.
Prior to marking up the FY 2013 fiscal plan, the Board of Supervisors approved the FY 2012 Third Quarter Review, with a balance of nearly $2.5 million to be applied toward the FY 2013 Budget. With a combination of existing balances, reserves, reimbursements and a slight increase in the real estate tax rate, the board has additional flexibility to offset federal and state reductions, restore previous budget cuts and fund critical programs that were proposed for elimination in the FY 2013 Advertised Budget Plan.
Complete budget information, including revisions made during the budget mark-up session, is available online or by calling the Department of Management and Budget at 703-324-2391, TTY 711.
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