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Prince William County’s economy remained strong

December of 2010 brought in the strongest month of sales tax collection in 19 years, which was a great way to start off 2011. Add to that the planned five-year savings of some $3.5 estimated by the Prince William County information technology department specialists, and the county was off to a booming start to the new year.

Then, the county’s board of supervisors advertised a tax rate of $1.213 per $100 of assessed value, which was down from the previous rate of $1.236. The approved tax rate was $1.204.

Plus, the county was recognized as having a number-13 ranking in the job growth by CNN Money. Its AAA bond rating from Fitch’s, Moody’s and Standard and Poor’s was touted by the supervisors along with the county’s median annual household income of $92,000.

The Prince William Chamber of Commerce also touted the county’s successes and celebrated some of its own. The Chamber opened a new business resource center in suite 101 of 7410 Heritage Village Plaza in Gainesville.
In December 2011, the county won awards for two of its financial reports from the Government Finance Officers’ Association.

Overall, the outlook for Prince William County in 2012 looks rosy at this point.

Read the full story in print edition of the Observer.

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