Category: Budget

FY 17 Budget – What is New for North College Park?

We attended the second and the final fiscal year 2017 budget worksession this past Saturday. The new budget will have a few items specifically assigned to north College Park residents. They include: A pedestrian crossing (RRFB) signal on Rhode Island Avenue (potentially at the Indian / Fox intersection) oney for the construction of the streetscape […]

Monday April 18th, 2016 in Budget | 3 Comments »

Budget Town Hall Meeting – April 29

Please mark your calendar, Council members from District 1,2 and 4 will be hosting a budget town hall meeting on Friday, April 29 to discuss proposed changes in FY 17 budget. Please see below for details

Tuesday April 12th, 2016 in Announcements, Budget | No Comments »

Highlights of Changes to FY 2017 Budget

We had our first day long FY 2017 budget worksession today. Here is the highlights of the changes the Mayor and Council discussed Additional RRFB (street crossing light)  at a future location: $25,000 Additional streetlights: $6,000 CPCUP funding request for Homeownership grants: $5,000 Removal of Old noise meter calibration: ($900) Interpretation service $1,000 Additional Adobe InDesign […]

Saturday April 9th, 2016 in Budget | No Comments »

City Publishes FY2017 Draft Budget

Staff has posted the draft FY 2017 budget on the City website. You can take a look at the budget document here: The budget document is pretty big (450 pages). A brief summary of the budget can be seen on page 8. In the new budget, no change is proposed in the property tax rates. […]

Thursday March 31st, 2016 in Budget | No Comments »

City Revenue Can Go Up by $750K from Property Tax in FY2017

The  city  has received the estimate of FY2017 real property tax assessments and the total is 11.75% higher than the FY2016 assessment (prior to application of the homestead tax credit). Depending on the amount of the homestead tax credit, not available until mid-February, this increase could equate to a $750,000-900,000 increase in real property tax. Expenditure Budget: […]

Wednesday January 20th, 2016 in Budget | No Comments »

College Park 2016 Budget for Community Review

Please see below City’s FY2016 Budget for Community Review and let me know if you have any questions. Also, please don’t forget to attend tonight’s town hall meeting. Thanks.

Wednesday April 22nd, 2015 in Budget | No Comments »

Council Discusses FY2016 City Budget

Last Saturday, the Mayor and Council started discussing the FY2016 budget. So far, we’ve covered the revenue, expenditure and capital projects related to the Public Works, Public Services, Administration, Human Resources, Youth and Family Services and Finance departments. Despite the lack of additional revenue this year, we are able to put some money aside toward […]

Monday April 13th, 2015 in Budget | No Comments »

Budget Town Hall Meeting, April 22

Please mark your calendar. We’ll be hosting a budget town hall meeting on April 22. Please see below for details.

Thursday April 9th, 2015 in Budget | No Comments »

City Publishes 2016 Requested Budget

The FY2016 requested budget is now available. Bound copies and CDs are available for resident pickup at City Hall and Davis Hall. The 2016 requested budget can also be found here on City’s website: I will give a more detailed highlights of the budget, but here are some quick notes: 1. No hike in tax […]

Tuesday March 31st, 2015 in Budget | No Comments »

City Gears Up for 2016 Budget Process

The City is gearing up its work on the 2016 fiscal year budget. It has already started with giving out budget worksheets to individual departments last week, encouraging individual departments to maintain the same level of expenditures for another year and cut whenever possible. The City has received preliminary numbers for tax revenue for FY […]

Thursday January 22nd, 2015 in Budget | No Comments »

Council to Adopt FY 2015 Budget Tonight, with No Hike in Fines, Fees or Property Tax

The Council will vote tonight to approve the FY 2015 operating and capital budget. The budget Ordinance was introduced on April 22nd and a public hearing was held on May 13th. The Ordinance reflects the combination of the FY2015 City Manager’s requested budget and budget changes made by Mayor and Council during budget worksessions. The budget ordinance will […]

Tuesday May 27th, 2014 in Budget | No Comments »

Budget Public Hearing, Tonight

The City Council will hold a Public Hearing tonight on the proposed FY 2015 budget. The public hearing will take place at the City Hall at 7pm, before our regular Council meeting. The draft budget does not propose any increase in tax, fees or fines in the next fiscal year. It was a difficult budget, […]

Tuesday May 13th, 2014 in Budget | No Comments »

2015 Budget for Community Review

Like in the past years, we’ve prepared a short preview document that highlights the most important information about our budget. It does not include all the details, thus please feel free to ask any question you may have. This will be the second year we’re doing this for the community to review. You can download […]

Tuesday April 22nd, 2014 in Budget | No Comments »

FY2015 Budget: Major Changes in Revenues and Expenditures

Revenue changes: 1.Slight increase in real and personal property tax revenue (+$100,000), income tax revenue ($125,000), and A&A tax revenue (+$150,000) 2. Decrease in Highway User Revenue tax (-$140,000) 3. Increase in speed camera revenue (net of charges to Optotraffic) (+$61,000) 4. Revitalization Tax Credit for the Varsity (-$60,000) Expenditure changes: 1. Decrease in 0.87 […]

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Saturday April 12th, 2014 in Budget | No Comments »