Surprising observers throughout the region, the City of Falls Church adopted its coming fiscal year budget Monday by a unanimous vote that raised the residential real estate tax by a mere two cents. The $76,427,560 Fiscal Year ’09 budget fully funds the School Board request and will actually cost the […]
Despite Fiscal Pinch, Tax Bill Will Go Down The Falls Church City Council will vote Monday to finalize its budget for the coming fiscal year beginning July 1, and last minute revisions will reduce the tax rate from an earlier-projected three-cent rise to two cents.
Lost in most reports of the current budget struggles by regional jurisdictions has been the new option approved in Richmond last year to raise the commercial real estate tax rate above that of residential real estate. In these tough fiscal times, the focus has been entirely on the residential real […]
The Survey Research Center of the University of Michigan has been tracking American economic perceptions since the 1950s. On Friday the center released its latest estimate of the consumer sentiment index — and it was a stunner. Americans are more pessimistic about their situation than they have been for more […]
Raise the tax rate. Lower the tax rate. Fully fund our schools. Schools spend too much. Provide more money for affordable housing. Don’t spend my taxes on more housing.
New Development Buffers Impact of Housing Downturn It came as a startling revelation to some on the Falls Church City Council Monday that, despite prospects of raising the real estate tax rate from $1.01 to $1.04 to balance the coming fiscal year budget this spring, the result will be […]
Wants Campaign in F.C. ‘Based on the Facts’
As the housing crisis grips the country, local families, governments and opportunists all seek a successful strategy.
Friday’s employment report — which was so weak that it had many economists declaring that we’re already in a recession — was bad news. But it was actually less disturbing than what’s going on in the financial markets.
Will the next president be the second coming of Jimmy Carter? Given Thursday’s economic headlines, full of dire warnings about the return of 1970s-style stagflation, you might think so.