Loudoun May Hit More Financial Turbulence Soon

In case you haven't heard, Loudoun County is facing a huge budget shortfall and is currently cutting fat from every agency. The latest news is that if Loudoun can't issue more municipal bonds by the end of November, the ride is going to get even more bumpy.

Roger Zurn, Loudoun County Treasurer, summed it up well in a WUSA9 article about Loudoun's financial situation:

Loudoun Treasurer Roger Zurn says he's nervous. He's worried about getting the money to pay for everything they've built, like their jail that's still under construction.

"The markets have shutdown in terms of municipal bonds, that's been a major source of financing for us because we've been growing so fast," says Roger Zurn.

Loudoun officials are reassuring residents and the media that bonds will be issued and that things will be ok. We'll see what happens as the year goes on. I'll keep you posted.