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VIRGINIA BRIEFING
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Real estate tax revenue is projected to rise 4.1 percent, according to the report, primarily because of the strength of the commercial tax base, which includes office buildings and shopping centers.
State and federal revenue, however, is not expected to keep pace with inflation.
Two areas are proving to be a problem for the county: keeping employee compensation, including health care, at current levels and maintaining county facilities.
County officials may need to consider a tax increase, according to the report, which said that providing all the services and funding at current levels "will present challenges" at the "existing tax rates."
If no changes are made, the county could face a $17.4 million shortfall in the fiscal year that starts July 1.
"Similar to last year, a budget that maintains all current services at current levels should not be assumed," the report said.
-- Kirstin Downey
FORT MONROE
D.C. Meeting on Preservation
The Army will hold a public meeting tomorrow in Northwest Washington to address issues regarding the preservation of historic properties at Fort Monroe in Hampton, Va.
Pentagon officials have recommended closing Fort Monroe as part of the federal base realignment and closure process. Under the National Historic Preservation Act, historic properties are precluded from federal actions. Fort Monroe is a National Historic Landmark and has been listed on the National Historic Register since 1966.
