The Fairfax County Board of Supervisors will begin to dig into the meat of the Fiscal Year 2014 budget during its first budget committee meeting Tuesday afternoon.
Supervisors will gather at 1 p.m. Tuesday in conference rooms 9 and 10 at Fairfax County Government Center to begin hammering out the details of County Executive Ed Long’s $7 billion advertised budget, which features no raises for employees and a slightly higher tax rate.
The committee is also expected to go over the $2.5 billion Fairfax County Public Schools budget for fiscal 2014. School Board members requested $95 million from supervisors - a 5.5-percent increase in transfer - for a total of $1.78 billion.
But Long was only able to give schools a 2 percent increase in transfer, or $33.7 million. School Board officials say this transfer isn’t nearly enough for the expected increase in future enrollment.
Last week, Supervisors voted 9-1 to advertise an increased real estate tax rate of $1.095 per $100 of assessed value, 2 cents higher than the current rate. If approved, Long said it would increase the average Fairfax County homeowner’s real estate tax bill by about $262.
The Board also approved a 1.5-cent bump in the county’s commercial and industrial tax, or C&I tax, bringing the advertised rate to 12.5 cents. Under the new increases, commercial and industrial property owners would pay $1.22 per $100 of assessed value.
The money generated by the C&I tax is specifically for transportation projects, and the new $1.22 rate would raise about $6 million annually.