On July 27, 2011 the Town Council on a unanimous vote adopted a resolution and the accompanying ordinance to place a local one half cent sales tax on the November 8, 2011 ballot. Fairfax voters will decide on a majority vote whether to approve the local sales tax that is estimated to generate about $150,000 per year. All revenues generated will remain in Fairfax and cannot be taken by the State to balance their budget.
The Council also voted to decrease their overall compensation on a unanimous vote. Council Members will now pay for the employee portion of their retirement contribution out of their pockets saving the Town $1,440 per year.
The Council also discussed the draft budget for the Fiscal Year 2011/12. The deficit is about $200,000 pending the final outcome of labor agreements.
The next meeting of the Council will be August 17, 2011. At this meeting the Council is expected to adopt the FY 2011/12 budget and approve labor agreements for all employees of the Town.