Alexandria City Manager Jim Parajon unveiled his proposed $977.3 million Fiscal Year 2027 budget last night (Tuesday).
While the budget is a 2.2% increase from the current FY 2026 budget, Parajon’s proposal keeps the real estate tax rate of $1.135 per $100 of assessed value, and does not change the city’s refuse rate. He was able to achieve the feat through $9 million “in efficiency reductions, cost cutting savings, and vacant position reductions to balance the budget.”