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County Board Approves New Budget

by ARLnow.com | April 20, 2013 at 2:55 pm | 1,974 views | No Comments

Arlington County BoardThe Arlington County Board has unanimously approved a new $1.09 billion budget that, as expected, raises real estate taxes by 3.5 cents.

The Board raised taxes slightly above the 3.2 cent increase recommended by County Manager Barbara Donnellan, citing the need to eliminate proposed cuts to the police and fire departments and the county’s child care office, and the need to increase funding to safety net programs and Arlington Public Schools.

Arlington’s tax rate will now increase to $1.006 per $100 of assessed value.

“The overall tax and fee burden for the average Arlington homeowner will increase 4.1% — or about $23 a month,” according to a county press release (below, after the jump). “The adopted tax rate is lower than the advertised rate of $1.021 per $100 of assessed value. (It is also lower than the proposed rates for all other Northern Virginia jurisdictions, which range from $1.038 to $1.33.)”

Additional funding for the budget came thanks to an improved financial outlook, which in turn boosts tax revenues.

“This allowed the Board to restore many proposed service reductions, while only increasing the tax rate three-tenths of a cent above what was included in the proposed budget,” the county said.

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