County Budget Forecasts Presented for FY 2016 and FY 2017
Nov. 25, 2014
Fairfax County Executive Edward L. Long and Fairfax County Public Schools (FCPS) Superintendent Karen K. Garza presented their preliminary budget forecasts for the upcoming Fiscal Years (FY) 2016 and 2017 today at a joint meeting of the Board of Supervisors and School Board. Both the county and FCPS FY 2016 budgets begin July 1, 2015 (FY 2017 begins July 1, 2016).
Fairfax County is facing budget shortfalls due to the tepid recovery in the residential and commercial real estate markets and increasing spending requirements. In addition, the ripple effects of federal and state budget issues continue to impact county revenue, including sales tax receipts, the Business, Professional and Occupational License (BPOL) tax and hotel taxes.
Long is scheduled to present his multi-year FY 2016-2017 budget plan at the Feb. 17, 2015, Board of Supervisors meeting. Garza is scheduled to release her proposed FY 2016 budget plan on Jan. 8, 2015.
More budget information:
Below are the County and FCPS budget forecast presentations: