Charter; City of Fairfax; financial powers; elections; compensation for members of boards or commissions. Amends the charter for the City of Fairfax by replacing a cap on the transient occupancy tax with a reference to general law. The bill also amends the charter to align it with current law requiring municipal elections to be held at the November general election. Finally, the bill removes the limit of $50 per meeting for compensation of members of boards and commissions and provides that such compensation is in such amounts as established by the City Council.