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- Info
Financial analysis of the 1991 Loudoun County budget: Comparison of taxes paid and services received by various sectors of the community
| Author: |
Piedmont Environmental Council |
| Date: |
1993 |
| Periodical: |
Warrenton, VA: Piedmont Environmental Council |
| Abstract: |
This analysis of the 1991 Loudoun County budget constructs a 1991 income and expenditures statement of county funds divided into three land use sectors: residential, commercial, and agricultural (which includes open space). It is designed to permit the comparison of revenues received by the county from each sector with the expenses incurred by the county in providing services to each sector - and thus serve as an input in formulating Loudoun County planning and zoning policy. These data permit the calculation of a Ratio of Expenditures to Revenue for each land use sector, showing which sectors pay for themselves, produce a surplus of revenues over expenditures, or require a subsidy from other sectors. The results of this analysis, adjusted for farm residential costs, suggest that for each dollar of revenue generated: the residential sector requires $1.55 of expenses, the commercial sector requires $.38 of expenses, and the agricultural sector requires $.50 of expenses. Note that similar analyses have been conducted earlier in Loudoun County, in other counties in Virginia, and in other towns outside the Commonwealth. Results are very similar to this analysis. |
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