Reston Spring

Reston Spring
Reston Spring

Monday, October 6, 2014

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.

1 comment:

  1. Fxco will raise taxes for
    New 100 mill payment to metro
    Retirement @55 & age 52 for those hired before 2012


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