KabirCares.org

Council to Weigh In Many Budget Changes – Including Lowering Property Tax Rate

At tomorrow’s Council meeting, the City Council will consider a number of amendments to the proposed budget changes, including a proposal to lower the real property tax rate.

There are 7 proposed amendments to the budget that will be discussed by Council:
1) Reduce the real property tax from 0.335 to 0.325 per $100 of assessed value and reduce the personal property tax from 0.838 to 0.812 per $100 of assessed value. This amendment would reduce the amount of revenue to the City by $260,000 ($213,291 in property taxes and $29, 475 in personal property taxes).
2) Provide a one-time grant of $50,000 to the City-University Partnership for their homeownership grant program.
3) Eliminate funding for a proposed increase of .5 FTE (20 hours a week) for a Seniors Caseworker. Elimination of this position would result in a reduction of expenditures of $44,598.
4) Eliminate the employee engagement survey. This amendment would reduce expenditures by $20,000.
5) Eliminate the statistically significant community survey. This amendment would reduce expenditures by $30,000.
6) Eliminate the contribution to the City-University Partnership. This amendment would reduce expenditures by $125,000.
7) Eliminate the contribution to the University of Maryland for the Interfraternity Council tailgates. This amendment would reduce expenditures by $7,000.

As proposed any money the Council decides not to expend would be transferred into the City Hall Capital Improvement project fund and any additional expenditure or the reduction in the constant yield tax rate would be taken from the City Hall Capital Improvement project fund.

Please let me know if you would like additional information on any of the proposed amendments or anything in the budget.

Residents will be given an opportunity to speak at the meeting on the proposed amendments. You can also send your comments to the Mayor and Council by writing an email to cpmc@collegeparkmd.gov

Related Posts Plugin for WordPress, Blogger...
(Visited 1 times, 1 visits today)

Comments are closed.