Feb 13 Falls Church City Budget Presentation

FY2011 Budget Forum February 13, 2010

Goals
Inform about City Budget
Engage on your values and priorities
Gather your in-put
Respond to your questions
Listen to your comments

Budget Calendar
Thurs. Feb 18 -- Second forum
Tue. March 2 -- School Board Budget
Mon. March 8 – Manager Budget Recommendations
Town hall meetings
Saturday, March 20
Saturday, April 10
Budget public hearings
Monday, March 22
Monday, April 12
Monday, April 26 (Budget Adoption)
Send Comments to: budget@fallschurchva.gov

The “Gap” Assumes: no tax or fee increases, no pay increases, FY2010 reductions carry forward Real estate tax only solution results in a tax rate of $1.37 (8,912,000) Gap 66,465,000 Expenditures 57,553,000 Revenues

Revenue Sources

Components of the “GAP”

FY11 Budget Scenarios $0.01 change in RE tax rate = $300,000 in revenue $0.01 change in RE tax rate = $60 increase for average homeowner $1.07 = current city RE Tax Rate 0 -1,394,000 -2,894,000 -4,394,000 -5,894,000 $ -8,912,000 $ 66,465,000 8,052 7,758 7,464 7,170 6,876 $ 6,289 Median Homeowner Tax bill $0.30 Increase $0.25 Increase $0.20 Increase $0.15 Increase $0.10 Increase No Change in RE Rate FY2010 Budget

NoVA Real Estate Tax Rates 0.878 0.848 0.819 Arlington 0.887 0.845 0.830 Alexandria 0.935 0.790 0.720 City of Fairfax 1.040 0.920 0.890 Fairfax County 1.070 1.030 1.010 Falls Church 1.212 0.970 0.838 Prince William 1.245 1.140 0.975 Loudoun 1.268 1.120 1.086 Vienna 1.300 1.160 1.130 Herndon 1.370 1.050 1.015 Manassas 1.440 1.320 1.155 Leesburg 1.650 1.240 1.140 Manassas Park 2010 2009 2008

Expenditures

General Government Budget Trends FY10 Total Budget: $4.3 million below FY08 (-6%)

General Government Reductions
Employee Compensation
Employee Benefits
Re-organization
Lines of Service

Values and Priorities
10:30 Table Top Discussion
Seek consensus on top values/priorities
10:55 Individual “voting”
11:05 Budget Process – Next Steps
11:10 Public Comment and Questions
-- starting with Table Reports
Noon Adjourn

Budget Calendar
Feb 18 - Second forum
Feb School Board Budget
Mar 8 – Manager’s Budget Recommendations
Town hall meetings
Saturday, March 20
Saturday, April 10
Budget public hearings
Monday, March 22
Monday, April 12
Monday, April 26 (Budget Adoption)
Send Comments to: budget@fallschurchva.gov

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Feb 13 Falls Church City Budget Presentation

by Falls Church Times on Feb 13, 2010

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Feb 13 Falls Church City Budget Presentation — Presentation Transcript