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Tuesday, November 25, 2014

Fairfax County facing $179 million budget shortfall in the next two years, officials say

Fairfax County officials are projecting a budget shortfall of $100 million for the coming fiscal year, and $79 million the following year, because of the lackluster recovery of residential property values and the highest office vacancy rate since 1991. County Executive Edward Long told a joint meeting of the Fairfax County Board of Supervisors and the School Board on Tuesday that for the seventh consecutive year, the county faces shortfalls that will make it difficult to pay for all the needs that the county has identified.



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