The Fairfax County Executive released a proposed Fiscal Year 2023 budget that if approved would fully fund Fairfax County Public Schools as well as an employment compensation project, among other initiatives.

County Executive Bryan Hill presented his proposed FY 2023 Budget on Tuesday, telling the Board of Supervisors he is cautiously optimistic that the county is turning a corner on the pandemic and heading down a new road to economic recovery.

Residents should expect to see an increase in real estate tax bills. Hill is proposing no change to the current $1.14 tax rate but included an unallocated balance of almost $80 million to be used at the board’s discretion. The county’s strong real estate market is the main driver behind a 6.83% projected FY2023 General Fund revenue increase. However, that translates to a 9.57% equalization rate (the market-driven property value change) which would mean an average property tax bill increase of $666 at the proposed tax rate.

Some residents commenting on a Nextdoor post reported increases of more than 20%.