The Fairfax County Board of Supervisors informally adopted a $5.9 billion fiscal year 2027 budget this morning (Tuesday) that includes a small reduction in the real estate tax rate, more reserve funding and changes to proposed cuts.
The 8-2 vote during the “markup” session is a precursor to the board’s final adoption of a new budget next Tuesday, May 5, that will take effect on July 1.
Under the plan, the county’s real estate tax rate will decline from $1.1225 per $100 of assessed valuation last year to $1.12 per $100 this year…