Fairfax County faces an and officials are now seeking ways to raise funds.
From now until fiscal year 2021, the county has $8.1 billion in needs but anticipates only $5.1 billion in revenues, Fairfax County Department of Transportation Director Tom Biesiadny said. Funding from the state or federal governments is unlikely to come through.
Fairfax County is asking residents to complete a survey so officials can learn how to fund these transportation improvements.
There are 20 options to fund transportation improvements, including the following:
- Income Tax
- Sales Tax
- Meals Tax
- Gas Tax (cents per gallon or a percentage of sales price)
- Real Estate Tax
- Hotel Tax
- Regional Vehicle Registration Fee
- Initial Registration Fee on New and Newly Located Vehicles
- Real Estate Transfer Tax
- Vehicle Repair Sales Tax on Labor
- Safety Inspection Fee
- Personal Property Tax
- Vehicle Miles Traveled Fee
- Commercial Parking Fee
- Developer Contributions
- Sales Tax on Services
- Increased Commercial and Industrial Tax Rate
- Make fewer transportation improvements rather than adding new sources of revenue
Residents have until 4:30 p.m. Oct. 12 to complete the survey. To take the survey, click here.
Patch wants to know: How would you fund transportation improvements in the county? Tell us in the comments section below.