City releases FY21 recommended budget

March 11, 2020 | Fredericksburg City News |

FY2021 budgetCity Manager Tim Baroody on Tuesday presented a recommended Fiscal Year 2021 budget to City Council that includes no increases to the real estate tax rate. Because the City’s four-year assessment period is currently concluding, equalization adjustments will be made to the current combined real estate tax rate of $0.85 per $100 in valuation. More information will be available when the assessment is complete in April. The recommended budget includes a 4 percent salary increase for all employees effective October 1. The total General Fund budget for FY 2021 is recommended to be $103,478,725 — an increase of $3.3 million over the FY 2020 adopted budget. Click here for full details.

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