Fairfax County faces $2.2 billion transportation funding shortfall

Fairfax County is grappling with how to deal with a $2.2 billion transportation funding shortfall over the next three years. The shortfall will grow to more than $5 billion during the next 10 years.

"I don't think it's a matter of how Fairfax County is going to make this up, but how the state, the region and the county are going to make this up," said Fairfax Transportation Director Kathy Ichter. However, local residents and businesses should expect to shoulder some o the costs.

The county board of supervisors is considering ways to raise funds, including imposing a county-wide meals tax, pulling money from the county's general fund, increasing commercial and industrial real estate taxes, and creating new special taxing districts.

Homeowners benefit from the expansion and maintenance of transportation infrastructure, as it makes commuting between their homes and business and retail locations more convenient. That convenience can translate into higher home values when it's time to sell.

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Posted on Tuesday, June 8, 2010 - 9:16am