A plan by Hunter Mill District Supervisor Catherine Hudgins to increase the share of tax revenue that helps pay for affordable housing came to an end Monday as the Fairfax County Board of Supervisors finalized its markup of the proposed 2007 budget.
“We’re not funding this at this time,” said Supervisor Sharon Bulova, chairwoman of the budget committee. “I don’t want anyone to think we’re backing away from our commitment, but we have to make decisions.”
In 2006, the board approved setting aside one penny of the property tax rate to help preserve affordable housing that added up to nearly $18 million. In 2007 that same penny will amount to about $22 million. Hudgins had asked for an additional penny to provide another $22 million for such things as assistance with down payments.
The cutting of the second penny leaves the property tax rate at a proposed 89 cents per $100 of assessed value. The tax rate was at $1 per $100 in 2006.
