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Posted at 10:04 AM ET, 10/22/2010

Signs of recovery in Arlington, Alexandria

By Washington Post editors

Better-than-expected revenue projections for the current fiscal year have given Arlington County and Alexandria officials modest hope that the worst of the recession is behind them, The Examiner reports.

Alexandria's revenue estimates are up $9.19 million for fiscal 2011. That's because city officials expect a rise in property values in January. The city is projecting a 1.7 percent increase in revenue over the previous budget year. Earlier, officials thought this year's revenue would decrease by 4.5 percent.

In Arlington, revenue projections are up $13.8 million also because of an expected 1 percent growth in property value in 2011. Officials had previously expected property values to remain flat.

Read more budget news from Arlington and Alexandria in the Washington Examiner:

By Washington Post editors  | October 22, 2010; 10:04 AM ET
Categories:  Virginia  
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