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City projects $2.7M positive variance for FY26; council asks for more detail on new construction revenue
Fairfax City Council · February 7, 2026
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Summary
The FY26 second‑quarter financial review projects a $2.7 million positive variance driven by higher real‑estate assessments and state school aid; council requested further breakdowns of anticipated revenue from recent new construction.
Gwen Riddle, the city’s budget director, presented the FY26 second‑quarter financial review to council on Feb. 3, 2026. The forecast showed an approximate $2.7 million favorable variance for the fiscal year, driven primarily by higher real‑estate assessments (about $2.8 million), an additional $1.0…
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