Arlington officials foresee 2012 budget gap
Arlington County officials are projecting a combined budget gap of $25 million to $35 million between the fiscal 2012 county and schools budgets.
Those figures are "less gloomy than in the past years," said Michael B. Brown, county manager, at Tuesday's board meeting.
At this time last year, the gap was $80 million to $100 million, but was later reduced.
Brown said real estate revenue is coming in at a flat rate, but state and federal revenue is being forecast as "slightly negative."
Total revenue is projected to be 1 percent higher than last year, or $13.8 million. However, capital projects, employee benefit requirements and increases in school expenses, among others, would cost an estimated $28 million, resulting in the gap.
The county board will give the staff its budget guidance on Oct. 23.
By
Christy Goodman
| September 28, 2010; 6:46 PM ET
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Christy Goodman
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