On September 12th the Prince William Chamber of Commerce hosted its Policy Committee Meeting where we heard and engaged in a conversation with senior Prince William County Staff on the topic of the County’s Strategic Plan and more importantly, discussed the County’s “Moonshot Goal”.
The “Moonshot Goal” is to increase the percentage of commercial tax revenues to 35% of the County’s existing tax receipts. It is the only quantifiable goal in the approved plan, and it is ambiguous. The approved plan did not specify whether the goal was limited to real property taxes or to all taxes paid by businesses. The business community’s share of taxes is currently about 16% of all county real estate taxes, and roughly 24% of all general fund taxes collected.
In 2017 when this goal was first approved by the Board of County Supervisors, the Chamber’s Board of Directors was opposed to it…and, after hearing from County Staff on the “ins and outs” of the proposal, reaffirms that position.
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