Alexandria City Manager Jim Parajon’s $884.3 million fiscal year 2024 budget was unanimously approved by City Council Wednesday night (May 4), backing citywide pay increases, a fully funded school system and collective bargaining agreements with the police and fire departments.
While the real estate tax rate remains unchanged at $1.11 per $100 of assessed value, city residents will have to pay $308.70 annually for the stormwater utility fee — an increase from $294 last year. The budget, which goes into effect July 1, is an increase of 5.4% over last year’s $839.2 million budget. About 47% of it ($398 million) is dedicated to paying the salaries of 2,765 city employees.