Subject:
Title
Public Hearing for 2022-23 Budget
Body
EXPLANATION AND SUMMARY:
The Town Manager's proposed budget for fiscal year 2022-23 has been presented to the Mayor, Town Council, and residents. The proposed budget was reviewed by Town Council during work sessions on March 12 and 14. A final work session is scheduled for April 18 to further discuss budget issues, if warranted. This public hearing is held so that Town of Vienna citizens may provide public input.
The Town Manager's proposed FY 2022-23 budget reflects improving general economic conditions, plus a reserve from which Council may choose new priorities it wishes to fund. The general fund budget includes a decrease in the real estate tax rate of $0.01 per $100 of assessed value and increases in salaries and other costs to meet current economic conditions.
The proposed fiscal year 2022-23 Town of Vienna budget totals $48,712,750 for the fiscal year beginning July 1, 2022 and ending June 30, 2023, and is broken down as follows:
* General Fund expenditures: $30,255,740
* Water and Sewer Fund expenditures: $11,501,720
* Debt Service Fund expenditures: $6,423,870
* Stormwater Fund expenditures: $531,420
The proposed budget is based upon a real estate tax rate of $0.2125 per $100 valuation, bank net capital at $0.80 per $100 valuation, and utility tax for residential uses at a rate of 20% of the first $15 and for commercial uses at a rate of 15% of the first $300.
The budget, as adjusted, is scheduled for adoption on May 16, 2022.
Strategic Plan Initiative: Vienna is a fiscally responsible community.
Board or Commission of Interest: N/A
Departmental Recommendation: The Finance Department recommends a public hearing to allow an opportunity for Town of Vienna citizens to comment on the FY 2022-23 proposed budget.
Finance Recommenda...
Click here for full text