Alexandria City Council unanimously approved City Manager Jim Parajon’s $979.1 million Fiscal Year 2027 budget with a few changes Wednesday night.
The budget represents a 2.4% increase over the FY2026 budget and maintains the real estate tax rate of $1.135 per $100 of assessed value, although some City Council members expressed caution about a potential tax increase in next year’s budget. Property owners whose assessment values increased could still see higher tax bills under the unchanged rate.