HomeGovernmentCityPopular Annual Financial Report

Popular Annual Financial Report

The City of Fairfax published its very first Popular Annual Financial Report (PAFR), which provides a snapshot of the city’s financial activities during fiscal year 2024 (July 1, 2023-June 30, 2024). The report includes key statistics and insights drawn from the city’s Annual Comprehensive Financial Report and other sources. This information provides a clear picture of the city’s funding sources, expenditures, and debt obligations, and highlights our commitment to maintaining a safe, welcoming, and financially sound community. The PAFR program was created by the Government Finance Officers Association to help state and local governments communicate complex financial information in an accessible and engaging way. The city plans to submit the PAFR for GFOA’s award consideration and to join the esteemed “Triple Crown Winners Circle,” an exclusive group of local governments with annual audits, budgets, and PAFRs recognized by GFOA.

Author


  • Tania Hossain is the editor, publisher, and co-owner of The Independent News Press, a consortium of local print and online newspapers in Virginia. She focuses on writing about community issues and advocates for local newspapers, both print and online, especially in the age of Ai from selfie filters to betting on military strikes.  A Merrifield resident, she is a keen backyard gardener, loves forest bathing and a curious biohacker, believing that proactive health keeps one out of the costly illness industry. Inspired by Oprah Winfrey's O Magazine launch, she feels fortunate to be running this newspaper.

365 Business Directory

spot_img

Most Popular

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Read More Stories

We Must Destroy Democracy in Order to Save It!

About fifty years ago the United States was involved in a military conflict in Vietnam which lasted many years and did not end well. There was a phrase from that era – “We had to destroy the village in order to save it” –which encapsulated its own self-defeating logic. We know better than the natives. We must force them to appreciate our values. Fast forward to 2026.

Willard Sherwood Health and Community Center Discussions

Residents in Fairfax City have been hearing a lot about the proposed Willard Sherwood Health and Community Center (WSHCC) project discussed at recent meetings, and one number in particular keeps coming up: an estimated $1.7 million annual operating cost to the city once the project is fully implemented. While the proposal’s goals include improving services and responding to community needs, many residents are understandably asking what that figure could mean for their own property tax bills and for the city’s long-term finances. This is especially important because the WSHCC is only one of four projects with the potential to increase real estate taxes substantially.

Affordable housing is a frequent rallying cry among our leaders

In Fairfax City, affordable housing is a frequent rallying cry among our leaders. Mayor Catherine Read has repeatedly emphasized its importance to the City’s vitality and long-term growth. She’s championed diversified housing types, supportive projects like Beacon Landing, and even sought legislative changes to help religious institutions build affordable units. Those are worthy goals — but they ring hollow if other City actions make living here increasingly unaffordable.

The Willard-Sherwood Health and Community Center: A Nice-to-Have Project?

After the Council’s vote to increase the real estate tax rate to $1.055 last spring, many residents are taking a more critical look at which recommended capital improvements are “nice-to-have” projects, such as the extensive recreational component of the Willard-Sherwood Health and Community Center, and which are “must-have” projects, such as replacing the high school roof and renovating the elementary schools.