As expected, the County Board put more pressure on Arlington taxpayers’ checkbooks at its July meeting. The Board voted unanimously to adopt a prevailing wage for contracts over $250,000. That is expected to add 15% to the cost of almost everything we build and buy moving forward.
Then the Board voted to increase our annual debt service obligations by $10.7 million by authorizing an additional $86 million in bonds. Technically the voters will have to approve it in November, but local Democrats will endorse the bond measures on their sample ballot which means it is all but certain to pass. Presumably, the latest round of borrowing would have cost taxpayers just $75 million before the prevailing wage vote.