What can we learn from Loudoun’s financial trouble?
Loudoun County, once the fastest growing county in the nation, is now $1 billion in debt—a direct consequence of growing too fast, too much, too scattered.
PEC stands with citizens to build excellent communities, relieve taxes and traffic, and protect open space in Loudoun. We work to maintain a balance between the towns, the suburbs and the country so residents can enjoy each of them.
What can we learn from Loudoun’s financial trouble?
Loudoun County, once the fastest growing county in the nation, is now $1 billion in debt—a direct consequence of growing too fast, too much, too scattered.
The village of Unison in western Loudoun, as if charmed in some way to keep from changing, is a quiet hamlet of well-kept old buildings, with many farmhouses, barns and churches that measure their age in centuries. They are settled into a landscape of farm fields and stone walls, where the curving hills and stands of trees give way, in their own rhythm, to views of the calm blue line of mountains on the western horizon.
It’s the roads in Unison that historians get most excited about, says Mitch Diamond of the Unison Preservation Society, which is leading efforts to list this area as a historic district on the state and national registers of historic places.
Three children romped down the trail, shouting in unison, "We found the Osage Orange! We found the Osage Orange!" The softball-sized fruit, with its bright green, wrinkled shell was the last thing they needed to complete a 26-item scavenger hunt on the Chapman-DeMary Trail in Purcellville — having already discovered hackberry, wild grape, a small island in the creek, a bug on the ground, a good hiding place, and the rest.
Loudoun’s 2011 Debt Obligation Tops $175 million
Years of unsustainable land use decisions have left Loudoun with substantial debt. In the next fiscal year alone, Loudoun has a debt obligation of $175.5 million (which equates to 24.2 cents of the tax rate). This astounding figure is expected to peak at roughly $240 million in 2015.