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Fairfax budget committee reviews $181 million carryover, earmarks for childcare, capital and energy upgrades
Summary
County staff told the Budget Committee that the FY2024 general fund carryover totaled just over $181 million and proposed allocations including capital sinking fund contributions, $10.5 million for a Hybla Valley childcare facility and energy and recruitment investments; board members pressed for clearer breakouts and context.
Katie Horstman, Deputy Director of Management and Budget, told the Budget Committee on Sept. 17 that “our General Fund carryover balance was just over $181,000,000.” The staff presentation laid out how that balance would be allocated and why the figure does not represent an unrestricted surplus.
The presentation, led by Horstman and introduced by Phil Hagen, Director of Management and Budget, divided the carryover into three primary buckets: FY2024 commitments (about $54 million), formula-driven allocations for reserves and the capital sinking fund and bicycle/pedestrian access (about $67 million), and other primarily one-time requirements (about $59 million). Staff also noted an administrative reappropriation of American Rescue Plan Act (ARPA) stimulus funding of roughly $59 million that must be obligated and expended under federal…
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