Here is what we know. In Arlington, our property taxes go up every year. The county takes in more revenue every year than the year before. Not only that, but the county takes in more revenue than they estimate when they pass the budget every year. And as they approach each new budget year, the county estimates their will be a “budget gap” every year in order to justify rising assessments and tax rates.
Next year is no exception to any of these things. The difference this time around is talk of large “unknown” costs on top of the estimated gap is larger for next year. While the guidance to the county manager says the gap will be $20-35 million, the county is hinting it may be looking for as much as $78 million.