Alexandria’s new City Manager James Parajon presented his proposed budget last night to the City Council. While real estate property assessments are still pushing local tax bills up, there’s no tax rate increase proposed in the budget.
The budget is $829.9 million, or a 7% increase from the previous year’s budget. The budget increase is largely funded by the increase in assessments revenue, which comes out to an average $445 increase for the average Alexandria homeowner.