County budget forecast looks bleak, could mean higher homeowner taxes

Fairfax County is predicting little growth in property values over the next year, less than in its last forecast for FY2016, which is likely to mean higher real estate property tax rates.  Situation is aggravated on the spending side by likely reductions in state funds for the county.  At this point, the County is expecting a $71.4 million dollar shortfall, nearly double the $37.6 million shortfall they forecast last year for 2016.

   Fairfax County Joint Budget Development Committee, FY2016 Financial Forecast