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‘…concerns have been raised within the business community regarding whether or not focusing on a real estate tax ratio is the best “measuring stick” for progress’

On Friday, November 3, the Prince William Chamber of Commerce Economic Development Committee will host renowned economist, Dr. Stephen Fuller of the Stephen S. Fuller Institute and members of the Prince William Board of County Supervisors for a discussion on regional trends and the economics of growing the commercial tax base in Prince William County.

Earlier this year, Prince William County approved their FY17-20 Strategic Plan which contains long-term goals for the Board of County Supervisors (BOCS) on topics ranging from economic development to public safety and education. Of particular interest to the business community is the economic development goal focused on increasing the ratio of commercial property tax to 35% of all collected revenues. Since the plan’s approval, the Chamber has hosted multiple meetings on this issue, hearing from County staff as well as industry leaders. 

View a September Opinion piece by the Chamber that explains more about the issue.

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