For every dollar of revenue Fairfax County produces for the state, it receives just 50 cents in return.
That’s the key finding in a report by the University of Virginia’s Weldon Cooper Center for Public Service. Matt Scheffel, an economist at the Cooper Center, presented the report to the Fairfax County Board of Supervisors’ Economic Initiatives Committee on Nov. 25.
In fiscal year 2024, Fairfax County, the most populous locality in Virginia, generated approximately $5.77 billion in general fund tax revenues for the commonwealth, Sheffel said. That amounted to 20.7 percent of all tax revenue from all Virginia localities…