Fallen property values cut budgets across region

Cities and counties in the Washington region are bracing for the effect of fewer property tax dollars, lost income that is forcing tax increases and service cutbacks in areas already hard hit by years of economic stress, a new report says.

Many municipalities have implemented or are considering a raise in property taxes. Others are cutting back local programs to keep their budgets afloat or freezing new hires and salaries. And if local governments don’t meet budget this year, it could get tighter the next.