Slumping revenue projections, as well as refunds to Fairfax County for misallocated sales tax, will increase Alexandria’s projected shortfall of $10.5 million in the current fiscal year, according to city documents.
Prospects for the city’s proposed fiscal 2010 budget — to be presented Tuesday by the city manager — are also bleak. Under current tax rates and revenue policies, the outlook is about $35 million less than original revenue projections for the next fiscal year, which starts July 1.
Real journalism.Trusted by millions.
Unlimited access to in-depth reporting, expert analysis, and the stories that shape our country.
Subscribe Now
Already a member? Log in
Print subscriber? Click here to login/register your account
Digital subscriber? Click here to login/register your account.