The Advertised Budget Plan
is the annual budget proposed by the County Executive to the Board of Supervisors for the upcoming fiscal year, which runs from July 1 through June 30. The Advertised Budget Plan is based on estimates of projected expenditures for County programs and it provides the means for paying for these expenditures through estimated revenues. General Fund Revenues are projected to be $4.4 billion, an increase of 3.04% over last year, with $2.35 billion being transferred to our Fairfax County School System.
On Tuesday, March 5, 2019, the Board of Supervisors advertised the current tax rate of $1.15 per $100 of assessed value. This is the tax rate, adopted in FY 2019. Because of increases in the assessed (market) value of property, the average annual real estate tax bill for homeowners in Fairfax County would rise by $149.16. When adopting the budget, the Board of Supervisors can adopt a tax rate that is the same as or lower than what was advertised, but not higher. The final budget will be "marked up" (amended by the Board of Supervisors) at our Board Meeting on April 30th. The final budget and tax rate will be adopted a week later on May 7, 2019. The budget process includes many Town Hall Meetings
, public hearings
, and engagement from community members. This year, formal public hearings will take place on April 9, 10 and 11 at the Fairfax County Government Center.
The proposed budget being considered by the Board of Supervisors would fully fund the funding request made by the Fairfax County School Board. The proposed budget also addresses a number of public safety priorities, to include the Diversion First program and the opioid crisis. Further, the County Executive identified $3.5 million in savings, mainly through operational efficiencies and employee vacancies.
While the budget addresses several key priorities of the Board of Supervisors, there are some priorities that are not currently funded in the proposed budget. Employee compensation, for example, is only partially funded. It is the Board's goal to attract and retain the best employees in the region to ensure quality services for our community. Competitive employee compensation is how we best meet this goal. Members of the Board will be listening to the community during the coming months and evaluating potential adjustments to the budget as we proceed toward budget mark up. We look forward to hearing your thoughts.
FY 2020 Budget Timeline:
BOS authorizes proposed real estate tax rate for FY2020
School Board presents FCPS budget request to BOS
BOS holds public hearings on budget
BOS Budget Committee meeting for pre-markup to discuss changes to County Executive's FY 2020 (proposed) Budget plan
BOS FY 2020 Budget Mark-Up; determines budget package and tax rate
BOS adopts FY 2020 Budget, tax rate and budget transfer amount to FCPS
School Board adopts FCPS FY 2020 Approved Budget