CITY OF FAIRFAX

NOTICE OF PUBLIC HEARING

Notice is hereby given that the City Council of the City of Fairfax, Virginia, will hold public hearings to consider the proposed General Fund, Capital Funds, Wastewater Fund, and Transit Fund budgets for the 2026 fiscal year at its meetings on Tuesday, March 11, 2025, Tuesday, March 25, 2025, and Tuesday, April 8, 2025 at 7:00 p.m. in Council Chambers at the City Hall Annex in accordance with the City Charter, Section 15.2-2506 of the 1950 Code of Virginia, as amended, and other appropriate statutes. The proposed budget provides a real estate tax rate of $1.125 per $100 of assessed value based upon an assessment ratio of 100% of fair market value, and a personal property and machinery and tools tax rate of $4.13 per $100 of assessed value based upon an assessment ratio of 100% trade-in value. The proposed meals tax increased from 4 percent to 6 percent on all meals. The proposed Wastewater and Stormwater Utility Funds budgets recommends a rate increase of 6% respectively. Notice is hereby given that it is the present intention of the Council to vote upon the adoption of the aforementioned budgets at its meeting on Tuesday, May 6, 2025, at 7:00 p.m. in Council Chambers at the City Hall Annex, at which time the Council may alter or maintain the said proposed tax rates as it deems necessary.

A summary of the FY 2026 Proposed Budget is as follows:

Combined Statement of Revenues and Expenditures - All Funds

General Capital ARPA Stormwater Wastewater Transit

Category Fund Funds* Fund Utility Fund Fund Fund Total

____________________________________________________________________________________________________________________________

Revenues:

General Property Tax $ 102,057,042 $ 102,057,042

Other Local Taxes 44,676,961 44,676,961

Licenses, Permits & Fees 1,946,044 1,946,044

Fines & Forfeitures 2,301,612 2,301,612

Use of Money & Property 6,839,024 80,000 6,919,024

Charges for Services 3,787,692 3,054,657 10,829,096 17,671,445

Miscellaneous Revenue 405,000 405,000

State and Federal Aid 16,711,327 29,628,038 - - 1,775,000 48,114,365

Transfers from Other Funds - 52,955,276 1,800,000 - 3,912,101 58,667,377

Other Funding Sources 1,146,000 1,000,000 - 2,146,000

Surplus/Appropriated Fund Balance 785,000 785,000

____________________________________________________________________________________________________________________________

Total Revenue $ 180,655,702 $ 82,583,314 $ - $ 5,854,657 $ 10,909,096 $ 5,687,101 $ 285,689,870

____________________________________________________________________________________________________________________________

Less Transfers 2,601,464 30,466,677 - 3,000,000 - 3,912,101 30,980,242

Adjusted Revenue $ 178,054,238 $ 52,116,637 $ - $ 2,854,657 $ 10,909,096 $ 1,775,000 $ 245,709,628

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Expenditures:

Legislative $ 429,750 $ 429,750

Judicial Administration 2,529,206 2,529,206

Electoral Board 761,608 761,608

General & Financial 15,513,708 15,513,708

Police Department 18,595,793 18,595,793

Fire & Rescue 18,614,192 18,614,192

Public Works 16,207,289 16,207,289

Human Services 10,949,194 10,949,194

Culture & Recreation 8,779,010 8,779,010

Community Development & Planning 3,075,283 3,075,283

Debt Service 1,814,108 2,062,666 3,876,774

Education 64,181,590 64,181,590

Interest & Uses - Capital Leases 5,179,647 5,179,647

Other Non - Departmental (956,946) (956,946)

Utility Service - 2,764,438 4,972,538 7,736,976

Transit Service - 5,884,532 5,884,532

Capital Projects 12,136,540 68,267,781 11,720,000 4,608,000 15,184,400 111,916,721

Transfer to Other Funds 2,845,775 - - - 2,845,775

____________________________________________________________________________________________________________________________

Total Expenditures $ 180,655,702 $ 68,267,781 $11,720,000 $ 7,372,438 $ 22,219,604 $ 5,884,532 $ 296,120,056

____________________________________________________________________________________________________________________________

Less Transfers 2,845,775 19,355,533 9,520,000 - - - 31,721,308

Adjusted Expenditures $ 177,809,927 $ 48,912,248 $ 2,200,000 $ 7,372,438 $ 22,219,604 $ 5,884,532 $ 264,398,748

____________________________________________________________________________________________________________________________

*Capital Funds includes the Cable Fund, Old Town Fund, and Transportation Tax Fund

Copies of the FY 2026 Proposed Budget are available on the City of Fairfax website at www.fairfaxva.gov. All interested parties are invited to attend the public hearings and express their views.

Melissa Shinaberry

City Clerk

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