July 19, 2014
The Arlington County Board today approved a $2.7-billion 10-year Capital Improvement Plan (CIP) for Fiscal Years 2015-2024. The plan funds County projects and infrastructure. The Arlington Public Schools adopted a $534.1 million CIP in June, bringing the total to $3.2 billion as the planned CIP investment over the next decade for both County and Schools.
May 28, 2014
$65 million of new money bonds sold to Citigroup in competitive sale Financing secured for Schools, Metro, Maintenance Capital & more $41 million refunding of prior debt saves approximately $2 million ARLINGTON, Va. --- Arlington County today issued ...
April 22, 2014
The Arlington County Board today adopted a $1.15 billion General Fund Budget for Fiscal Year (FY) 2015, cutting one cent off the real estate tax rate while adding funding for schools and year-round yard waste pickup to the County Manager's Proposed Budget. The Board maintained the County's commitment to keeping Arlington Public Schools among the nation's finest. It provided a total of $440.6 million to Schools for the FY 2015 Budget, adding $19.6 million to base funding and another $8.4 million for school construction or other one-time expenses.
April 18, 2014
In a statement, Arlington County Board Chair Jay Fisette announces the County Board's intent to include employee merit step increases in the FY 2015 Budget, while maintaining a one-cent real estate tax reduction. The inclusion is funded largely by hiring slowdown and elimination of proposed positions. The change reflects concern over higher employee expenses for health care.
April 16, 2014
CORRECTION: A release issued by the County on Wednesday, April 17 incorrectly stated the percentage increase in the County FY 2015 Budget for both County Operations and for Schools funding. This release corrects those errors and adds the total increase in funding for Schools over the FY 2014 Budget. We regret the errors.
February 22, 2014
Due to a technical error, some subscribers may not have received this update on Saturday, Feb. 22, 2014 -- so we are resending. We apologize for the delay.
February 20, 2014
Arlington County Manager Barbara Donnellan today previewed for the Arlington County Board a proposed $1.1 billion budget for Fiscal Year (FY) 2015 that is balanced with no tax rate increase. The proposed budget includes a transfer to Arlington Public Schools of $432.2 million, an increase in ongoing funding of $19.6 million, or 4.7% over FY 2014. Excluding the Schools transfer, the budget for County operations totals $687.7 million, a 1.8 % increase over FY 2014. The proposed budget overall is 2.6% higher than FY 2014.
November 19, 2013
The Arlington County Board today directed the County Manager to develop a proposed budget for Fiscal Year (FY) 2015 that will maintain existing tax rates while closing a projected gap for the County and Schools of $20 - $25 million.
July 19, 2013
Moody’s Investors Service upgraded the County’s municipal rating of Aaa to stable from negative following the same upgrade to the US government’s bond rating on Thursday.
July 12, 2013
The Arlington County Board today approved additional safety and utility upgrades to the Arlington Mill Community Center (AMCC) as the building nears completion on schedule and on budget. With already approved project reserve funds, the County opted to make enhancements while the facility is still under construction.