BREAKING NEWS — Budget Will Hold Tax Rate Steady

Arlington County’s real estate tax rate will be held steady for the next year, according to final budget guidance issued by the County Board.

At a work session yesterday, the board instructed County Manager Barbara Donnellan to hold the tax rate steady at 95.8 cents per $100 in the final budget.

“They’re sticking with their initial guidance of no real estate rate increase,” county spokeswoman Mary Curtius confirmed this morning.

Donnellan’s proposed budget had recommended holding the tax steady, but the board gave itself some wiggle room in February when it advertised a slightly higher tax rate. Even without a real estate tax rate increase, however, the county’s coffers will be bolstered in FY 2012 by a 6.3 percent rise in property assessments.

The board will vote on its final budget on Saturday.