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Weldon Cooper study finds Fairfax generates about $5.7B for state, gets roughly $2.93B back
Summary
A Weldon Cooper Center presentation to the Fairfax County committee found the county generated an estimated $5.77 billion in FY2024 state general fund tax revenues and received about $2.93 billion in state appropriations—about a 50¢ return per dollar—ranking Fairfax near the bottom of localities on return rate.
The Weldon Cooper Center for Public Service presented an analysis to the Fairfax County Economic Initiatives Committee on Nov. 25 showing Fairfax County is a major net contributor to Virginia’s state revenues. Matt Scheffel, an economist with the center, said the county generated about $5.77 billion in FY2024 general fund tax revenue for the Commonwealth and received about $2.93 billion in state appropriations—equaling roughly 50–51 cents returned per dollar.
Scheffel said the county’s revenue base is driven largely by individual income taxes (about 80% of the county’s contribution),…
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