Real estate tax receipts are Fairfax County's primary source of revenue. The residential real estate tax base declined 12.55 percent last year, the largest decline in nearly 50 years and the primary reason for the $650 million budget shortfall that was projected for the coming fiscal year.
SOURCE: Fairfax County | By Tobey - The Washington Post - February 24, 2009
Fairfax Seniors Fear Loss of Gathering Place Article | The reality of Fairfax County's projected $650 million shortfall weighed heavily at the Groveton Senior Center yesterday. The facility in the Alexandria area could close, one of several budget cuts that could affect the elderly.