Fairfax County ends year with $100M surplus
Thursday - 9/1/2011, 1:05pm ET
Hank Silverberg, wtop.com
SPRINGFIELD, Va. -- The region's largest county ended the fiscal year in the black, but it's not going to trigger a spending binge.
Fairfax County ended the 2010-2011 fiscal year with a $100 million surplus in a $3.3 billion budget.
"It's not as though we're experiencing an enormous surplus," says Board of Supervisors Chairwoman Sharon Bulova.
She says most of the money will be carried over for next year as a hedge against a still slow economy. County employees, however, will get a 1.5 percent cost-of-living raise.
"Our employees, essentially, will not see much of an increase because health care costs are going up, insurance costs are going up, so it barely keeps them even," Bulova says.
When the county board meets in September, the board will carry most of the money over into the current budget to protect against a slow economy while some of it will be used for one-time capital projects, Bulova says.
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