Fredericksburg City Council will hold their first review of the City Manager’s recommended FY 2018 budget during their Tuesday, March 28, work session.
The meeting, which is open to the public, will be held in Room 218 of City Hall, 715 Princess Anne St.
The 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.
It also includes rate increases of 2 percent for water and 4 percent for sewer.
For more information, see: City Manager Presents $93.5M FY 2018 Recommended Budget
You can view the complete recommended budget on the city’s website at FY 2018 Budget Documents.
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