Facing a combined budget gap of up to $75 million, Arlington County Manager Mark Schwartz is eschewing the usual divvying up of leftover funds from the last fiscal year and instead proposing to roll them over with an eye on next year’s budget.
Schwartz will recommend at Saturday’s County Board meeting that the $21.9 million in unspent funds available to the county remain primarily unallocated, with $16.5 million being set aside to give the Board more options going into the next budget process.
“Difficult choices will be required to balance the FY 2020 budget and will likely include service reductions, and consideration of a real estate tax increase,” says a county staff report. “Setting aside $16.5 million in undesignated funds from the close-out of FY 2018 will give the County Board some flexibility when weighing these choices.”
Schwartz is also recommending the county allocate $3.4 million (along with $3 million from Arlington Public School) to increase its General Fund Operating Reserve — important for maintaining the county’s triple-AAA bond rating — and $2 million for use by the County Manager “to address unforeseen needs that arise during the fiscal year without reprioritizing or cutting other programs.”
The county has funds left in its coffers at the end of almost every fiscal year, thanks to conservative budgeting practices intended to maintain the triple-AAA rating.
Often, the budget “close-out” process ends up funding a grab bag of county priorities, from law enforcement needs to affordable housing. Asked about that this week, Schwartz said his recommendation does not mean that affordable housing is being deprioritized.
“It doesn’t mean that some of that money going forward couldn’t be used for affordable housing,” Schwartz said at the town hall meeting. “I just think, given the hole we have to fill, I didn’t want to preordain what my priorities would be. We’ll see how the Board receives that.”
A number of civic activists have been pushing the county to reform the budget close-out process, which they see as a boondoggle meant to fund pet projects with minimal public scrutiny or discussion.
Good Friday evening, Arlington. Let’s take a look back at today’s stories and a look forward to tomorrow’s event calendar. 🕗 News recap The following articles were published earlier today…
A former ABC News producer whose Columbia Pike apartment was raided by the FBI last year has been sentenced. James Gordon Meek, 53, pleaded guilty in July to transportation and…
Metrorail service was suspended on the Blue and Yellow lines today after a train derailed.
4 bedroom 3 bath 2 car garage 1/4 acre Jamestown Williamsburg Yorktown pyramid
At Generation Hope, we’re dedicated to supporting teen parents in college as they work toward earning their degrees. We are in need of caring child care volunteers for upcoming events on Saturday, October 21st (in Washington, DC), and Saturday, November 4th (in Arlington, VA). Join our growing volunteer community and support us at an event this fall!
At all of our events, we provide free onsite child care for the children of the teen parents we serve, creating a nurturing environment for the kiddos while their parents learn valuable life skills and build community.
If you enjoy working with children and are looking to make an immediate impact in your community, please visit https://www.generationhope.org/volunteer to learn more.
Join us for Arlington’s biggest civil rights & social justice event of the year. The banquet is back in person at the Arlington Campus of George Mason University.
Our keynote speaker this year is Symone Sanders from MSNBC and former Chief of Staff for Vice-President Kamala Harris.
The Master of Ceremonies is Joshua Cole, former state delegate, NAACP President, and local pastor.
Tickets/seating are limited. Purchase your ticket today! Sponsorship opportunities available.
Cody Chance and Dick Nathan of Long & Foster are hosting an online workshop on the topic of “down-sizing” Wednesday, October 4 from 5:30-7:00 p.m. Every great endeavor begins with a great plan. This workshop will give you the tools