budget

News

Morning Notes

By ARLnow.com

Dremo’s Coming to the Pike? — The owner of the late, lamented Dr. Dremo’s Tap Room is in talks with the landlord of the former Ski Chalet store at 2704 Columbia Pike. The building would give Dremo’s a spacious new home in a funky old building, complete with parking, room for outdoor seating, and access to plentiful bus routes. We’re pretty sure an ARLnow.com commenter was the one who first floated the idea. [Pike Wire]

Dozens Testify At Budget Hearing — More than 75 people spoke at last night’s annual County Board budget hearing. Representatives and supporters of various local human services agencies asked the Board to increase funding for their causes. Also present at the hearing were supporters of increased funding for arts organizations, bicycling infrastructure and Arlington Public Libraries. [Sun Gazette]

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Opinion

Morning Poll: Libraries vs. Taxes

By ARLnow.com

Although Arlington will benefit from rising property values this year in the form of higher tax collections, the Board still must make tough choices when it comes to deciding what to fund and how to fund it.

County Manager Barbara Donnellan has recommended keeping real estate taxes steady at 95.8 cents per $100 in assessed value, following a year in which the rate jumped 8.3 cents. The Board gave itself the flexibility of raising that rate slightly by advertising a 96.8 cent rate.

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News

County Sees Revenue Loss As State Funds Dry Up

By ARLnow.com

Arlington has had to make service cuts in each of the past two budgets as taxes and other revenue sources dried up. After 2009, assessed property values suffered their first year-over-year decline since 1995, prompting the county to hike property taxes to make up for what otherwise would have been a dramatic loss of revenue.

When it comes to real estate taxes, the county can always increase the tax rate for an expected revenue shortfall. But one area that’s largely out of the county’s control is the funds it receives from the state. And in the past four years, overall state funding to Arlington County — excluding schools — has dropped $18 million.

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News

Arlington Business Booster Recommends Replacing Tourism Funds

By ARLnow.com

“I think we have a great program,” Arlington Economic Development Director Terry Holzheimer said at a board work session this afternoon. “The program has value.”

“This board has been put in a very difficult position,” said board member Jay Fisette, adding that he  hope to “come up with some way to share” the cost of tourism promotion with local hotels to save money from the already-stretched county budget.

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News

Favola: Tourism Funding Still Up in the Air

By ARLnow.com

Last week a bill that would have renewed the county’s 0.25 percent tax surcharge on hotel rooms — a tax that had the support of the local hotel industry — failed in the House of Delegates. The defeat was attributed to Republicans retaliating against Arlington’s HOT lanes lawsuit.

The tax surcharge brings in nearly $1 million each year, which is used to promote Arlington’s $1 billion tourism industry. The surcharge will expire at the end of the year.

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News

Proposed School Budget Includes Pay Raise for Teachers

By ARLnow.com

The proposed FY 2012 budget includes a step increase for teachers and other school employees that was not granted last year amid a serious budget crunch. It does not, however, include a cost of living (COLA) increase. COLA increases used to be granted nearly every year until Arlington’s budget difficulties began two years ago.

Senior employees and employees at the top of the pay scale — who together make up about 33 percent of the work force — are not eligible for a step increase. Dr. Murphy is proposing a one-time payment of $1,000 to  those employees. The total cost of all pay raises is estimated at $16.4 $7.9 million. (The original $16.4 million figure included benefit and retirement increases.)

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News

County Board Advertises Small Tax Rate Increase

By ARLnow.com

The board will now be able to set the FY 2012 property tax rate at or below 96.8 cents per $100 in assessed value. The current rate — the rate that Donnellan recommended in her proposed budget — is 95.8 cents per $100.

Last year, when the board set the property tax rate at 1.6 cents above Donnellan’s recommended figure, the advertised rate was 96.5 cents.

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News

No Real Estate Tax Hike in County Manager’s Proposed Budget

By ARLnow.com

Under the proposed budget, the real estate tax would remain steady at 95.8 cents per $100. The 95.8 cent rate was approved by the board last year after Donnellan, then the acting county manager, proposed a rate of 94.2 cents.

Arlington is benefiting from a 6.3 percent hike in assessed property values, which is expected to bring in an additional $30 million in tax revenue for the county. In September, when the county was expecting a smaller increase in assessments, then-County Manager Michael Brown warned that tax hikes and spending cuts might be necessary. Neither prediction is coming to fruition under the Donnellan’s proposed budget.

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News

Property Values Rebound in Arlington

By ARLnow.com

The increase is expected to bring in an addition $30 million in tax revenue for the county, which should help to offset this year’s estimated $25 million budget gap. The county budget office was originally expecting an approximately 1 percent increase in property values.

“It certainly… makes it easier for us to balance the budget,” said Michelle Cowan, Director of the Dept. of Management and Finance, who added that stepped-up commercial lending and property sales helped to drive the increase. “We consider ourselves very fortunate.”

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News

Open Discussion: Arlington Releases Financial Audit

By ARLnow.com

The audit, conducted by the accounting firm of Clifton Gunderson LLP, was just posted on the county’s web site and discussed briefly by County Manager Barbara Donnellan at Tuesday afternoon’s board meeting.

“I’m glad to report that the county has once again received an unqualified or ‘clean’ opinion from our auditors,” Donnellan said. “Once again Arlington’s fiscal management has been found to be strong.”

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