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Fredericksburg City Beat

This blog includes news about City Hall, city schools and other 22401 news.

Pamela Gould reports on City Hall. You can reach her at 540-735-1972 or pgould@freelancestar.com. Robyn Sidersky reports on city schools. You can reach her at 540-374-5413 or rsidersky@freelancestar.com.

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Housing prices and local government

Here’s a story out of Winchester that reflects a trend we might see more of as the readjustment of housing prices hits home in local government budget processes. Fredericksburg isn’t revaluing in 2008, but if the housing slump has slowed construction in the few new subdivisions that are building in the city right now, that will affect the amount of increased revenue the city gets from new construction added to the tax rolls. Other counties, however, will reassess. So this spring, Fredericksburgers could get a preview of what city homeowners and budget writers will be up against in 2009.

 

 

Permalink: http://news.fredericksburg.com/citybeat/2007/12/28/housing-prices-and-local-government/

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