Budget News and Updates
Fiscal Year 2012 Adopted Budget
The Arlington County Board adopted a $1 billion budget for fiscal year (FY) 2012 that is focused on fiscal sustainability and safety net priorities. The budget includes no real estate tax rate increase and is 5.1% higher than the FY 2011 budget. In funding safety net, public safety and schools priorities, the Board made a number of adjustments to the County Manager’s Proposed Budget.
The real estate tax rate will remain the same, 95.8 cents per $100 of assessed value (including the sanitary district tax). Taking into account increases in real estate assessments and fee changes, the overall tax and fee burden for the average Arlington homeowner will increase 1.4% -- or about $7 a month. Fees for trash and recycling will go down 5% per year, or $18.52 per household, reflecting a decrease in costs for those services.
The transfer to Arlington Public Schools for FY 2012 will be $385.6 million, which is $25.2 million above the FY 2011 transfer, or a 7.0% increase. With the transfer from the County, total funding available to Arlington Public Schools in FY 2012 is $480.5 million, or $38 million (9%) above the FY 2011 budget. View the complete FY 2012 Adopted Budget.
Summary Documents for The FY 2012 Adopted Budget
Information and Meetings Related to Budget Adoption
The development of the FY 2012 budget began in September 2010. In the fall, expense and revenue projections for the upcoming fiscal year are based on very limited data available from the assessor of real estate, the state, and county departments. The goal of budget planning is to provide the County Board, local leaders, and citizens with a preliminary range of where expenses and revenues may be and a projection of the County's fiscal future. Utilizing this information, the County Board provided guidance for preparing the upcoming budget to the County Manager.