Public Hearing April 18 on City’s FY2018 Recommended Budget

by | Apr 18, 2017 | Government

By Susan Larson.

Fredericksburg City Council will hold a public hearing on the fiscal year (FY) 2018 budget at 7 p.m. Tuesday, April 18, 2017. (Note the earlier time.) The meeting will be held in Council Chambers in City Hall, 715 Princess Anne St., in downtown Fredericksburg. Enter from the side entrance on Hanover Street.

The hearing will be preceded by a work session at 5:30 p.m. in room 218 at City Hall. The work session is open to the public.

City Manager Tim Baroody’s recommended budget of $93,515,000 is a 3.44 percent increase over FY 2017. It includes a recommended 3 cent real estate tax rate increase. Of that, 2 cents would be used for the general fund, and 1 cent would be used to meet the unfunded mandate on storm water management. If approved, that means the real estate tax rate would increase from 77 cents in FY 2017, to 80 cents in FY 2018.

The city is advertising a 4 cent real estate tax increase, because by law they can lower that, but not raise it.

The recommended budget also includes rate increases of 2 percent for water and 4 percent for sewer.

You can view the complete budget on the city’s website at http://www.fredericksburgva.gov/index.aspx?nid=258

There are two more scheduled meetings on the FY 2018 budget. They are:
April 25 – Budget Work Session and First Reading of the FY18 Budget
May 9 – Second Reading of the FY18 Budget

City Council Schedules First Review of FY 2018 Recommended Budget

City Manager Presents $93.5M FY 2018 Recommended Budget

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