News Flash

Fredericksburg News

Posted on: March 8, 2022

FY 2023 Budget Approved on May 10

Budget Recommended FY23 Newsflash

The first reading of the FY 2023 Recommended Budget was held on April 26, 2022. This included a 3-cent real estate tax increase. The second reading took place on May 10 at 7:30pm along with second readings on other fee increases.  

The Budget Public Hearing was held on April 19 at 7pm.

The meetings were live streamed and recorded for playback at https://www.regionalwebtv.com/fredcc. See agendas at https://www.fredericksburgva.gov/AgendaCenter.
We are happy to answer any questions you may have about the budget by calling the City Manager's Office at (540) 372-1010 or emailing citymanager@fredericksburgva.gov.


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On March 8, the City Manager presented the FY 2023 Recommended Budget to City Council. The Recommended General Fund Budget is $110.95 million which includes a recommended 3 cent increase to real estate taxes. The Recommended Budget for FY 2023 is a balanced budget that represents a responsible spending plan for the upcoming fiscal year, which begins July 1, 2022 with an eye to the future. Significant work has gone into ensuring that this Recommended Budget is fiscally responsible, advances the City Council's Vision and Priorities, supports our schools and our workforce, and meets the needs of a growing community. 

Many budget work sessions and discussions will follow in the coming months.  The Budget Public Hearing was held on April 19, 2022 at 7:00pm in City Hall Council Chambers.  Related public hearings for tax rate increases or service fee increases will also be held at that time. The City Council will need to adopt the budget for the schools by May 15, 2022, and the remainder of the budget by June 30, 2022. Staff recommends working towards adopting the entire budget by May 10, if possible.  

Budget Calendar of Meetings


See link for all the budget details. 

Budget Details
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