Monday, June 29, 2009

"State of the County" - Arlington, VA

So glad we attended Arlington's State of the County presentation this morning! Lots of great information on how well Arlington - and surrounding jurisdictions are weathering the recession. We certainly are glad we live and work in this area!

Some tidbits from today's presentation:
  • Arlington's unemployment continues to be incredibly low (hovering around 4%)
  • Residential real estate is strong and has plateaued but not seen large value decreases as some areas of the outer suburbs have
  • Received a AAA bond rating -- and is 1 of only 20 counties in the nation to do so

Arlington will continue to invest in affordable housing, green initiatives and human services -- while maintaining a committment to transit issues (a must in this congested area!).

Arlington, and neighboring jurisdictions, seem to be weathering the recession much better than most of the country. Everyone is hoping for brighter days ahead -- but it is nice to know that when the skies are grey that we weather the bumps well.

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