Virginia Senators Mark Warner and Tim Kaine justifiably are worried about the Virginia economic impacts of the automatic, across-the-board federal budget cuts known as sequestration. Absent a Congressional budget deal by Sept. 30–less than three weeks from now, we face either those automatic cuts, a partial federal government shutdown or both:
“If we have the return of sequestration, it’s going to be even worse than it was a couple of years ago, because every agency, particularly the Defense Department, has cleared out most of their coffers,” Warner said. “So that’s why they’ve got to get rid of sequestration and those negotiations need to be starting now, and not wait until the end of September.”
Even prior to this latest threat, Arlington and the Northern Virginia regional economy were experiencing the significant negative impacts of the slowdowns in federal spending that began in 2011. Federal government downsizing “has seen the D.C. region’s gross regional economy shrink two years in a row beginning in 2013.” Federal government downsizing has led to the large increases in commercial office vacancy rates in Arlington and throughout Northern Virginia. There is no end in sight.
The ripple effects are predictable:
As government contractors consolidate, they’ll need less office space. That puts pressure on lease rates region-wide, there will be less construction work, and the necessary process of restructuring from inefficient and expensive land-use patterns to more cost-effective patterns will drag out.
For these reasons, Northern Virginia business leaders are speaking out in favor of a bi-partisan Congressional budget deal:
“Where we want to see bipartisan support and having the parties work together is the avoidance of a government shutdown”, says Jim Corcoran, chief executive of the Fairfax County Chamber of Commerce. … Another shutdown “is the most disruptive thing that can happen.”
The slow-down in federal spending that began in 2011 already has had a serious negative impact on Arlington’s economy. That negative impact has manifested itself in our average 21 percent commercial office vacancy rate, producing annual losses of tens of millions of local tax dollars, and putting added pressure on the residential tax rate. Sequestration and/or a partial government shut-down would have additional dramatic and negative impacts.
It’s time to contact our Republican and Democratic Congressional leaders, and urge them to reach a bi-partisan budget deal to avoid this. You can do that by emailing them as follows:
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Tour the secluded and quiet Bellevue Forest with its local parks, trails, forested areas and more in Neighborhood Spotlight.
In loving memory of William Dinwiddie Tucker, who passed away in 2023 at the age of 95.
St. Charles offers a play-based curriculum in a welcoming, Christ-centered environment.
Our program focuses on socio-emotional development and kindergarten readiness through hands-on and engaging activities. Our programs offer different schedules ranging from 7:30 am-5:30 pm for students, ages 2-5. We feature a full-day Jr. kindergarten class for older 4’s/5’s. Our facility includes a full-sized gymnasium, school chapel, and library. All of our students enjoy music and physical education weekly. Children have an opportunity to participate in enrichment classes such as soccer, basketball, ballet, and science.
We offer Summer Camp with weekly themes and twice a week water play, including Fun Friday moon bounce. Please join us for our Open House Feb. 3 at 9:30 am and 11:00 am. Click here to sign-up.
For more information or to schedule a tour, visit us at www.stcharlesarlington.org or call (703) 527-0608.
If you are a lifelong learner over 50+ who wants to make new friends, power up your brain, and enjoy a wide-variety college-level courses, Encore Learning is for you. An Arlington based nonprofit, Encore Learning offers courses in the arts, theater, literature, history, technology and more. This semester we offer our most popular course, Global Hot Spots as well as 25 new courses. Courses are presented either online or in-person at George Mason University at Virginia Square and other Arlington locations.
Join the free presentation to learn about courses and meet the instructors. This is Encore Learning’s signature event to highlight the upcoming semester with brief presentations by each instructor.
The Spring Course Preview event is Thursday, February 2nd at 9:30 AM via Zoom:
The truth, your first pregnancy and new mom months are full of twists and turns, ups and downs, and lots of questions! None of us really know the best way to do it – we just figure it out, together…