comparemela.com

Latest Breaking News On - ஆர்லிங்டன் சுயாதீனமான மீடியா - Page 1 : comparemela.com

Arlington County Board Approves New Budget That Holds Property Tax Rate Steady

Today at 11:30am The majority of Arlington homeowners will face higher property taxes, after the County Board approved a budget that holds the property tax rate steady. The Fiscal Year 2022 budget includes $1.4 billion in spending, a 3.5% increase from last year’s budget. Of that, $530 million will go to Arlington Public Schools, which will pass its final budget next month. Earlier this year County Manager Mark Schwartz proposed a budget that would have only boosted spending by 1.4%, calling it a “transition budget” appropriate for the challenges presented by the pandemic. The new county budget includes millions in additional expenditures, thanks to higher-than-expected business tax revenue and an expected $46 million in federal funding for Arlington’s local COVID-19 response from the American Rescue Plan, to be split between this year’s and next year’s budgets.

Some Call for Lower Real Estate Tax Rate Amid Sunnier Revenue Projections

April 12, 2021 at 3:55pm Arlington County’s projected revenue appears sunnier than when County Manager Mark Schwartz first presented his proposed budget for the 2022 fiscal year in February.  The county can attribute this warmer outlook to two sources: the nearly $2 trillion American Rescue Plan and strong business license tax receipts, Budget Director Richard Stephenson said during a public hearing on the tax rate last Thursday. While he did not specify the revenue from the business taxes, Stephenson said President Joe Biden’s relief bill will apportion $46 million to the county.   Combined, the influx of cash could mean funding will be restored to libraries, community centers, Arlington Independent Media and the Virginia Cooperative Extension, for example.

© 2025 Vimarsana

vimarsana © 2020. All Rights Reserved.