Falls Church’s $75.5 Million FY14 Budget Addresses Schools, Stormwater

City Council adopted a $75.5 million fiscal year 2014 budget Monday night for the City of Falls Church that will fully fund the school board’s request of $33.7 million.

The budget has a real estate tax increase of 3.5 cents increasing the current rate of $1.27 to $1.305 per $100 of assessed value. The FY14 budget begins July 1.

“The FY14 budget and Capital Improvements Program (CIP) are the product of a great deal of discussion and work and meets the community’s demand for outstanding government and school services,” Mayor Nader Baroukh said in a press release. “It meets the council’s policy objectives including strengthening economic development and providing greater resources for infrastructure improvements to address items such as school facilities and stormwater management."

Under the FY14 budget, FCCTV will be funded through the general fund budget instead of the community services fund budget and expenditures for restoration of the Fund Balance, Capital Reserves and “Pay as you go” capital projects will be funded from fund balance, rather than from operating revenues, according to a press release. 

Council also voted to establish the Stormwater Utility Fund. That fee will be approved at a later meeting. Council also approved delaying the first bill until June 2014 and approved $900,000 of the FY13 projected surplus to immediately fund stormwater improvements and help establish the fund on a one-time basis only.

For more information on the city’s FY14 budget, click here.