4 Comments

  1. To reiterate, the City needs to be more forthcoming in showing voters what the estimated tax increase will be under different scenarios so everyone can assess affordability. One slide (unless I missed more) in a Powerpoint presentation that does not tell the whole story and is insufficient, does not cut it and in my opinion glosses over the financial impact.

    I was told that the City CFO prepared a table showing what the tax rate increases are projected to be with certain assumptions made for Year 1, Year 2, Year 3, etc. Has anyone seen this chart as part of the information you have been provided, which is needed to assist folks in making a fully informed decision?

    Also, I would call your attention to a July 2017 post by Council Member Hardi which everyone should read where she advocated for a smaller bond amount and described her concerns about the $120 million amount. Unfortunately, she voted in favor of going forward with the $120 million bond referendum after expressing her opposition.

    Keep in mind that in addition to Ms. Hardi’s reservation, two other council members voted against going forward with a $120 million referendum for many of the same reasons Ms. Hardi voiced in here July commentary.

  2. Great article. Thanks. I especially worry about the people on fixed incomes. It’s a huge tax increase for them as well as others. I think it is sad that the city is pushing a solution that is fiscally irresponsible.

  3. Dale, At the bottom of this article, is the presentation on the proposed tax rates from the CFO. Look at the slides 10, 13, 15 and 19 for the details you asked and we can continue the discussion. The risk slide (19) is a compelling reason not to take on this debt.

  4. Good Article. I don’t see how bringing in a huge campus apartment project – 900 or more of them, is a good long term financial decision for Falls Church.

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