The Fairfax County Board of Supervisors on Monday formally adopted the county’s Fiscal Year 2008 budget.
The $3.3 billion spending plan is the first in what likely will be a string of scaled-down budgets in coming years brought on by a deflated housing market. It includes a 3.23 percent spending increase over the current year’s budget.
Revenue grew 2.34 percent over the previous year, in large part because of the strength of non-residential property values.
