Wednesday, February 27, 2013
County Executive Ed Long will chat with residents on proposed $7 billion Fiscal Year 2014 county budget.
Do you have questions about Fairfax County’s FY2014 proposed budget? Your chance to get answers from the County Executive Ed Long is coming Thursday morning. Long will host an hour-long chat starting at 9:30 a.m. Thursday to discuss his proposed $7 billion budget, which he unveiled for officials and the public Tuesday. The advertised package includes a 2-cent increase in the real estate tax rate from $1.075 per $100 of assessed value to $1.095. The increase is projected to raise nearly $42 million in count revenue. But when coupled with increases in real estate assessments, the proposed rate would cost the average county household about $262 more in real estate taxes. The budget also reduces funding for parks and libraries, and allots the …
Sunday, December 23, 2012
As the Fairfax County School board stares down $162 million deficit, midyear review funds will help boost next year's beginning balance.
Fairfax County Public Schools has found an extra $9.7 million in its Fiscal Year 2013 budget, much of which school board members voted Thursday night to set aside for its FY 2014 beginning balance — a budget year in which the system faces a $162 million deficit. The money will increase next year's beginning balance from $41.6 million to $51.1 million. School board members have been waiting for the outcome of a midyear budget review since the fall, as it began to grapple with a projected deficit of $93.7 million in Fiscal Year 2014, a number that doesn't include another $68.4 million shortfall in "significant program needs." At a joint meeting in November, Fairfax County Executive Ed Long said the county anticipates being able to give the…
Wednesday, November 28, 2012
Facing hundreds of millions in deficits in Fiscal Year 2014, Fairfax County leaders try to plan around federal sequestration, unpredictable revenue.
As the leaders of Fairfax County and its school system sat together Tuesday to stare down upcoming fiscal years threatened by larger-than-normal deficits and the potential impact of sequestration, both groups agreed they would have to take a new approach in future budget cycles, one that relies less on what has been done in the past and more on multi-year budgeting and reprioritizing wants and needs — a "new way of doing business." "I think we have to look at things very differently and we have to be willing to take some risk on things we haven't done before," County Executive Ed Long said during a joint meeting Tuesday afternoon between the Board of Supervisors and Fairfax County School Board. Combined with the loss of $61 million in one-…
Michael Josef Basl
7:28 pm on Tuesday, December 25, 2012
http://www.michaeljosefbasl.blogspot.com more ›