Support

County Board to Decide How to Spend Nearly $22 Million in Extra Funds

The Arlington County Board marks up the budget, April 16, 2015The Arlington County Board is expected to decide on how to spend $21.8 million left over from last year’s budget at its meeting this Thursday.

The surplus must be allocated as part of the Board’s year-end budgeting process.

The County Manager has made recommendations for how the money should be spent, covering five different categories, including:

  • $1 million for economic development, including incentives to attract new businesses to Arlington
  • $7.8 million for land purchases and other capital investment, including schools
  • $0.8 million for a “larger than anticipated” class of fire recruits
  • $11.2 million to maintain investments in the Affordable Housing Investment Fund and housing grants
  • $1 million for any unexpected needs or issues that may arise next year

The $7.8 million item includes $1.8 million to be put toward the purchase of a light industrial site along N. Quincy Street, across from Washington-Lee High School. It also includes another $1.8 million for other land acquisition, $1.7 million for maintenance and other capitol investment needs, plus $2.5 million for the county/schools joint contingency fund.

As in the past, the School Board is expected to contribute the same $2.5 million to the joint contingency fund when it takes on its own year-end budgeting process.

A majority of the surplus funds would go to the Affordable Housing Investment Fund and housing grants. This year’s anticipated $11.2 million investment is the same amount allocated for that purpose last year.

Thursday’s meeting will begin at 6:30 p.m. in the County Board Room at 2100 Clarendon Blvd, Room 307.

Recent Stories

An employee at a local McDonald’s was beat up over an incorrect order last night. The alleged incident happened around 11 p.m. Monday on the 5000 block of Wilson Blvd,…

A new hair salon is coming to Williamsburg Shopping Center in North Arlington, into the space formerly occupied by Zinga! Frozen Yogurt. Adil’s Salon and Spa is looking to open…

Coworking provides a flexible schedule with the ability to keep a hybrid work schedule and Industrious has multiple locations across Arlington to assist in your team’s productivity.

Ask Eli reviews the Arlington housing market, how months of supply has been impacted, sales prices and more this week.

×

Subscribe to our mailing list