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area’s economic development.
The Senate approved sending $40 million in recordation tax revenue southward to help out U.S. 58. Because the fees collected for real estate transactions are directly related to growth, nearly half of the recordation tax revenue funnels in from Northern Virginia.
Thus the Senate also voted in favor of returning $20 million of recordation tax revenue to localities for transportation and education needs. Under this plan, Fairfax County would receive nearly $0 million dollars from state recordation taxes. Prince William County would
89.7%