At the Arlington County Board’s meeting yesterday (Tuesday), Schwartz projected revenue will grow by 2.9 percent in FY 2019, but the county’s expenditures will grow by 4 percent. That would result in a funding gap of between $10 million and $13 million.
The funding gap assumes the current real estate tax rate of $1.006 per $100 of assessed value will remain the same. County staff is also projecting “modest growth” in assessed property values.
County staff said $11.1 million is left over, 1.4 percent of the county’s FY 2017 General Fund budget, excluding money appropriated to Arlington Public Schools.
The county collected just over $1.022 billion in revenue from property, business, sales taxes and other sources, having projected in April it would collect just over $1.004 billion. That is 1.8 percent more than projected.
RSVP today for one of the five remaining FY 2019 Budget Roundtables: https://t.co/3LMgasq8Qf pic.twitter.com/OF0Q5XsHR7
— Arlington County (@ArlingtonVA) October 10, 2017
Thursday, October 5 is the final due date for the payment of both vehicle personal property tax and the second installment of real estate tax. Payments postmarked after October 5 are subject to penalties and interest charges.
Residents can manage and pay their bills online on the county’s Customer Assessment and Payment Portal.
Tourists spent more than $3 billion in Arlington County last year, supported more than 25,000 jobs and produced over $200 million in local and state tax revenues, all record highs.
According to figures released by the U.S. Travel Association, tourism in the county generated $3.12 billion in 2016, up 2 percent from the previous year. Arlington continued to lead all Virginia counties in visitor spending, as it has since 2009.
It’s September — As if to emphasize that today is the start of September and the first day of meteorological autumn, mother nature has dialed up a crisp start to the morning and a cool day overall in the D.C. area. [Twitter, NOAA]
Arlington Seeing Airbnb Tax Revenue — The recently-implemented enforcement of the transient occupancy tax on Airbnb-style rentals in Arlington County is producing revenue: nearly $18,000 through July. County tax enforcers think taxes on Airbnb and other short-term rentals may eventually bring in $250,000-$1.5 million per year. [InsideNova]
Commonwealth Joe Gets $2.5 Million — Local nitro cold brew coffee purveyor and Pentagon City cafe operator Commonwealth Joe has landed a $2.5 million round of funding. The Arlington-based firm says it plans to use the investment to expand its cold brew business, which includes distributing kegs of the sweet, smooth chilled coffee to offices. [Washington Business Journal]
Local Holocaust Survivor Reunited — An Arlington man was reunited with a Dutch couple that hid him and his sister, who are both Jewish, from the Nazis in 1945. The reunion took place at the U.S. Holocaust Museum and happened thanks to a high school project undertaken by the couple’s grandson. [NBC Washington]
Arlington County will not be asked to pay for more from its local coffers to cover dramatic funding hikes for Metro, the agency’s general manager promised Tuesday night.
Metro General Manager Paul Wiedefeld said he hoped to cap any requests for increased contributions from the various jurisdictions that make up the transit authority at 3 percent per year.
‘Love Letters’ Along the Pike — The “Virginia Is For Lovers” tourism campaign has installed the person-sized letters “LOVE” along S. Walter Reed Drive, ahead of this weekend’s Columbia Pike Blues Festival. [Facebook]
News Orgs Confuse Arlington and Alexandria — A number of news organizations mistakenly stated that yesterday’s shooting in Alexandria happened in “Arlington, Virginia.” Though somewhat inexplicable, the confusion happens frequently. [Twitter]
The Arlington County Board will discuss Saturday whether to move forward with a plan to extend a partial real estate tax exemption for Bloomberg BNA.
Bloomberg BNA is a major employer in the neighborhood with 972 employees and a 200,000 square foot office at 1801 S. Bell Street. It signed a deal earlier this year to stay in Arlington, invest $5.5 million and create up to 125 new jobs.
Budget Plan Has Slightly Lower Tax Rate Hike — The 2017-2018 county budget that Arlington County Board members are set to vote on this weekend includes a 1.5 cent tax rate hike, a half cent lower than first proposed. The budget includes increased funding for schools, Metro, county employee raises, land acquisition and services for immigrants faced with deportation. It raises the tax burden on the average homeowner by about $300. [InsideNova, Washington Post]
No Easter Egg Roll Tix for APS — Arlington Public Schools received hundreds of tickets to the annual White House Easter Egg Roll under the Obama administration, but did not receive any for President Trump’s first egg roll this year. D.C. Public Schools also were not invited. Critics say minority children were under-represented at the event. [Patch]
John Glenn to Be Buried Today — Astronaut, U.S. senator and one-time Arlington resident John Glenn will be interred at Arlington National Cemetery this morning. Glenn died in December at the age of 95. Arlington County Police Department motor units are assisting with rolling road closures for the funeral procession. [Rare]
CivFed Rejects Tax Hike — The Arlington County Civic Federation voted “overwhelmingly” to call on the County Board to reject a proposed property tax rate hike and instead tap into reserve funds to provide needed funding boosts for Metro and Arlington Public Schools. [InsideNova]
