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Article: Recession's Effects Still Pinch; Local Governments Eye Tax Increases
- Article from:
- The Washington Post
- Article date:
- February 6, 1994
- Author:
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Despite a rebound in the Washington area's economy, many local
governments remain in financial straits, with at least four
jurisdictions considering tax increases.
Although area employment and retail sales have risen in the last
year, local officials said land values continued to stagnate, but
population increases and lingering effects of the recession are
forcing more spending on schools and other services.
Arlington officials said yesterday that their budget for fiscal
1995 is at least $12.7 million in the red, making it virtually
certain that the county will have to raise its property tax rate for
the third straight year.
"You see stories about the strong national and even local ...