Will Arlington County Real Estate Tax Rate Increase?
Earlier this morning, Scott McCaffrey reported at the online Arlington Sun Gazette that Arlington County’s “real estate tax rate (is) almost assured to rise in 2010,” writing (emphasis added):
“County Board Chairman Barbara Favola on Oct. 7 acknowledged what is by now all but obvious: Real estate tax rates are headed up next year in order to close a looming budget gap.
“Favola told members of the Arlington County Democratic Committee that the county government was facing a budget gap of $45 million, with a comparable shortfall looming for schools.”
McCaffrey added, “Best guess from among those watching the process: County officials may raise the rate 5 or 6 cents per $100 assessed value next year.”
In case Chairman Favola hasn’t noticed, the “official” unemployment rate just increased to 9.8% nationwide, and although Virginia’s and Arlington County’s are lower than the national average, she certainly makes one wonder if she’s been smoking some Arlogance.