In his first presentation to the Board of Supervisors about next year’s budget, County Administrator Kirby M. Bowers said that sagging home values were the primary culprit but that rising health-care costs and an expected addition of more than 3,500 students to the school district also contributed to the grim picture. 

[text snipped] Information from The Washington Post

Loudoun County is facing a budget deficit of $176 million for the 2010 fiscal year, according to the county’s administrator.

Kirby Bowers described the shortfall to the Board of Supervisors’ finance-government services and operations committee on Wednesday.

"I wish I had better news for you, but we are experiencing something that’s no different than all the other jurisdictions in the region," Bowers said. He is projecting a $176 million deficit caused by a revenue shortfall of $97 million and a $79 million increase in expenditures.

The nation’s economic slowdown is affecting governments around the Washington area. Last week, Maryland officials said they were facing a budget shortfall of $432 million, while Virginia Gov. Tim Kaine’s administration has told agencies to gird for budget cuts of as much as 15 percent.   

[text snipped]  Information from: The Washington Examiner 

Loudoun County officials warned residents yesterday to brace for deep cuts in services and a possible showdown with the School Board as they try to bridge a projected $176 million gap in the county’s budget.

You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.