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Falls Church manager proposes 2.5-cent real estate tax cut in $134 million FY2026 budget with $500,000 contingency
Summary
City Manager Wyatt Shields presented a proposed FY2026 budget at a town hall that would cut the real estate tax rate by 2.5 cents, hold other tax rates steady, add a $500,000 revenue contingency and increase operating spending while reducing reliance on capital reserves.
City Manager Wyatt Shields laid out the City of Falls Church’s proposed fiscal year 2026 budget at a public town-hall meeting, saying the plan would lower the real estate tax rate by 2.5 cents from $1.21 to $1.185 and put a $500,000 contingency into the budget to guard against revenue shortfalls.
Shields said the budget is “just under a hundred and $134,000,000,” and that education represents roughly 42 percent of the total. He told the audience the proposed tax-rate change and other items reflect both local growth and regional economic uncertainty: “we are a growing city” with 10–10.5 percent overall growth in assessed value, he said, and noted about 16 percent of the city’s workforce are federal employees whose incomes may be affected by federal developments.
The nut grafs:…
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