FY 2018 Adopted Budget Highlights
On April 22, 2017, the Arlington County Board today adopted a $1.25 billion balanced General Fund Budget for Fiscal Year 2018 that includes a one-and-a-half-cent increase in the real estate tax rate for Calendar Year 2017.
Summary of Adopted Tax Rates (per $100/assessed value)
|TAX CATEGORIES||CY 2016||CY 2017|
|Real Estate (base rate)||$0.978||$0.993|
|Rosslyn Business Improvement District (BID)||$0.078||$0.078|
|Crystal City BID||$0.043||$0.043|
|Commercial Transportation District||$0.125||$0.125|
The Budget Process
Arlington County’s budget follows an annual cycle, with the fiscal year starting July 1 and ending June 30. The fiscal year budget serves as the annual operating plan and is one of the three major strategic documents in the County regarding planning, in conjunction with the Annual Management Plan and the County Comprehensive Plan.
During the fiscal year, the Department of Management and Finance reviews the current budget at midyear and for the closeout of the fiscal year. As part of developing an annual budget, the Fiscal Affairs Advisory Committee (FAAC) provides further review of the County Manager’s proposed budget. The County’s budget process is consistent each year, though specific dates may change.