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 2027 fiscal year at its meetings on Tuesday, March 10, 2026, Tuesday, March 24, 2026, and Tuesday, April 14, 2026 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 $1.080 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 4.5 percent on all meals. The proposed Wastewater Fund budget recommends a rate increase of 6% while the Stormwater Utility Fund budget recommends a rate increases of 5%. 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 5, 2026, 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 2027 Proposed Budget is as follows:

Combined Statement of Revenues and Expenditures - All Funds

General Capital Stormwater Wastewater Transit Debt Service

Category Fund Funds* Utility Fund Fund Fund Fund Total

____________________________________________________________________________________________________________________________

Revenues:

General Property Tax $ 114,189,683 $ 114,189,683

Other Local Taxes 48,308,659 48,308,659

Licenses, Permits & Fees 1,962,285 1,962,285

Fines & Forfeitures 1,451,560 1,451,560

Use of Money & Property 7,368,837 7,368,837

Charges for Services 3,983,371 3,399,833 11,803,503 19,186,707

Miscellaneous Revenue 525,000 525,000

State and Federal Aid 23,595,396 24,496,013 305,000 1,733,454 51,129,863

Transfers from Other Funds - 49,335,625 - 3,512,101 17,314,006 70,161,732

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

Appropriated Fund Balance 5,018,628 5,018,628

____________________________________________________________________________________________________________________________

Total Revenue $ 207,549,419 $ 74,831,638 $ 3,704,833 $ 11,803,503 $ 5,245,555 $ 17,314,006 $ 320,448,954

____________________________________________________________________________________________________________________________

Less Transfers 3,043,971 6,780,607 - - 3,512,101 17,314,006 30,980,242

Adjusted Revenue $ 204,505,448 $ 68,051,031 $ 3,704,833 $ 11,803,503 $ 1,733,454 $ - $ 289,798,269

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Expenditures:

Legislative $ 496,339 $ 496,339

Judicial Administration 3,728,787 3,728,787

Electoral Board 632,734 632,734

General & Financial 17,198,187 17,198,187

Police Department 19,633,680 19,633,680

Fire & Rescue 20,025,293 20,025,293

Public Works 21,065,450 21,065,450

Human Services 12,692,496 12,692,496

Culture & Recreation 9,477,051 9,477,051

Community Development & Planning 5,133,899 5,133,899

Debt Service 14,960,990 2,353,016 17,314,006 34,628,012

Education 77,658,615 77,658,615

Other Non - Departmental (1,326,964) (1,326,964)

Utility Service 2,968,951 6,156,180 9,125,131

Transit Service 5,927,999 5,927,999

Capital Projects 3,128,892 74,641,285 4,114,500 11,363,600 93,248,277

Transfer to Other Funds 3,043,970 3,043,970

____________________________________________________________________________________________________________________________

Total Expenditures $ 207,459,419 $ 74,641,285 $7,083,451 $ 19,872,796 $ 5,927,999 $ 17,314,006 $ 332,388,956

____________________________________________________________________________________________________________________________

Less Transfers 3,043,970 9,388,894 - - - 17,314,006 29,746,870

Adjusted Expenditures $ 204,505,449 $ 64,252,391 $ 7,083,451 $ 19,872,796 $ 5,927,999 $ - $ 302,642,086

____________________________________________________________________________________________________________________________

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

Access to the FY 2027 Proposed Budget is available via the City of Fairfax website at www.fairfaxva.gov/budget. All interested parties are invited to attend the public hearings and express their views.

Melissa Shinaberry

City Clerk

Advertised: February 27, 2026 AD#100312