Net tax support vs. expenditures for operations.
Tax Support for Transportation Program
|Fiscal Year||Funding from Revenues (Millions)||Funding from General Fund (Millions)||Percentage Provided by Taxes (General Fund)|
This measure reports Arlington Transportation’s Program Operating Budget. Annual expenses, revenue and net tax support are reflective of managing internal and external funding sources. These measures also reflect the financial health of the existing transportation network and of future transportation projects.
Prior to 2010, major transportation projects were funded through the county’s General Fund. In 2010, Arlington County created the Transportation Capital Fund (TCF), a separate fund dedicated solely to transportation projects. The fund is maintained through a commercial real estate tax ($.0125 per $100 of assessed value of property). Separating transportation funding means the General Fund, which is supported largely by residential property taxes, can dedicate more support to other country programs and Arlington County can maintain low residential property taxes.
From 2010 to 2014, funding from the TCF has increased, while funding from the General Fund, has steadily decreased. In 2010, Net Tax Support, the amount taken from the General Fund, accounted for 41 percent of the total operating budget, whereas in 2014 it accounted for only 26 percent, a decrease of 14 percent across the five years. As expenditures increase slowly, only $7 million between 2010 and 2014, the decrease in tax support from the General Fund reflects Arlington County’s ability to strategize and leverage new funding sources.
- Arlington Transportation Program Operating Budget from Arlington County Department of Environmental Services: Transportation & Development.