Gloomy Budget Forecast in Fairfax County - NBC4 Washington
First Read
Your first stop for politics in D.C., Maryland and Virginia

Gloomy Budget Forecast in Fairfax County



    Gloomy Budget Forecast in Fairfax County

    Fairfax County Executive Edward Long presented his fiscal years 2014 and 2015 budget forecast to a joint meeting of the Board of Supervisors and the School Board.

    Even without any sequestration impact, he projects a $169 million shortfall for 2014 and a $274 million shortfall for 2015. Those shortfalls are based on keeping the tax rate where it is while providing a 5 percent increase in the school budget.

    It's also projected real estate assessments will be going up, which means even with the current tax rate, the average homeowner would pay $120 more than fiscal year 2013.

    As Long explained, one reason for the projected shortfall is the fact that there are some big costs coming in the next two years -- like the Silver Line -- that will eventually bring revenue.

    County agencies have already been instructed to identify reductions totaling 5 percent for each year.

    If sequestration takes effect, the scenario gets even worse.