2012 Herndon Budget

The Herndon Budget contains details of how Herndon will spend its revenue for fiscal year 2013. The document was adopted in June of 2012.

In 2012, the overall budget for the town was $42,240,000, which includes the General Fund, the Enterprise Fund, and the FY 2013 Capital Improvement Program. The budget increased 2.2% from 2011. Likewise, the revenue rose by 3.8% from 2011.

Initiatives

 * Real estate tax rate of $.2650 per $100 assessed value (unchanged from FY 2012)
 * Funds the Capital Projects Fund to fulfill the council's FY 2013 capital improvement priorities with "emphasis on transportation improvements, downtown infrastructure, storm drainage improvements and W&OD trail lighting"
 * Unchanged service levels and no reinstatement of services reduced in FY 2010 and FY 2011
 * Funds traffic management enhancements and neighborhoods improvements through capital projects
 * Implements economic development initiatives
 * Funds increased internal capacity to enhance customer service, maintain strong, knowledgable employees and to prepare for future workforce needs
 * Funds required for higher premiums for Virginia Retirement System retirement and life insurance programs and full five percent salary increases to offset VRS member contributions as required by legislation passed by the 2012 General Assembly
 * 2% cost-of-living adjustment for all employees and a 2.5 percent merit increase for police