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Category: Budget

City to Buy New Finance Software

City’s current financial software system is based on the AS400 platform – technology that was introduced in 1988. City staff believes it is imperative to replace and upgrade the existing, antiquated AS400 financial system for many reasons. In November 2021, the Finance Department set a goal of selecting a new software solution (with Human Resources […]

Sunday June 19th, 2022 in Budget | Comments Off on City to Buy New Finance Software

Let us Know What You Think about the New City Budget

At tomorrow’s meeting, the Council will host a Public hearing about the new FY23 City budget. For FY2023, the budget proposes reducing the real estate property tax rate to 30.18 cents per $100 of assessed value. The total General Fund proposed budget of $30.46 million. The budget includes an increase in personnel costs of $1.1 […]

Monday May 9th, 2022 in Announcements, Budget | Comments Off on Let us Know What You Think about the New City Budget

Budget Town Hall on College Park’s FY 23 City Budget

Thursday May 5th, 2022 in Budget | Comments Off on Budget Town Hall on College Park’s FY 23 City Budget

Council Discusses Ways to Give More Tax Credits to City’s Homeowners

At last Saturday’s budget worksession, the City Council discussed a proposal that would give more property tax credits to City’s owner-occupied homeowners. Maryland law allows Counties or municipalities to grant a property tax credit against their real property tax to offset increases in municipal income tax revenue as a result of an increase in the […]

Monday March 28th, 2022 in Budget | Comments Off on Council Discusses Ways to Give More Tax Credits to City’s Homeowners

Additional FY23 Budget Requests

The City is about to complete today’s budget worksession. here are a few additional budget request items the Council approved as part of the draft budget. I’ll update this list with more items later. District 1 LED streetlight replacement on 52nd Avenue between Lackawanna st and Huron Street – $25,000 Solar-powered flashing stop signs  (3 […]

Saturday March 26th, 2022 in Budget | Comments Off on Additional FY23 Budget Requests

County Releases FY23 Draft Budget

Last week, County Executive Alsobrooks released her $5 billion FY 2023 Proposed Budget, which reflects caution and fiscal discipline as we emerge from the COVID-19 pandemic and enter a time of rising opportunity in Prince George’s County. Residents can read the FY 2023 Proposed Budget in Brief here.

Saturday March 19th, 2022 in Announcements, Budget | Comments Off on County Releases FY23 Draft Budget

This Evening – FY 23 County Budget Listening Session

UPDATE: In case you didn’t get a chance to attend the meeting, please send an email with your budget requests to omb@co.pg.md.us? The County is asking residents to send their budget requests by TODAY, FRIDAY at 5 P.M.

Tuesday February 1st, 2022 in Announcements, Budget | Comments Off on This Evening – FY 23 County Budget Listening Session

Opportunity to Give Input about FY23 City Budget

At last night’s meeting, Staff will provide a preview of the FY2023 budget cycle and review the City’s  Homestead Tax Credit Rate. In FY 2023, Staff is projecting revenues at levels consistent with the current year. Staff Salaries in the proposed budget will include a 2.5% cost of living adjustment, as negotiated with the union […]

Wednesday January 19th, 2022 in Budget | Comments Off on Opportunity to Give Input about FY23 City Budget

City Council May Change How it Gets Residents’ Input Before Spending their Tax Dollars

At tonight’s meeting, the College Park City Council will discuss how the City can include more residents’ input in our annual budget process. College Park has an annual budget of $20 million that is spent to provide essential services to its residents and build long time infrastructure projects. The City’s budget cycle runs from July 1st […]

Tuesday November 2nd, 2021 in Budget | Comments Off on City Council May Change How it Gets Residents’ Input Before Spending their Tax Dollars

College Park Reduces its Property Tax Rate

After listening to many of your comments about the City’s tax rate and the proposed budget for the upcoming fiscal year 2022, the City Council reduced City’s rate at this week’s meeting. The reduction in the tax rate will reduce City’s tax revenue by $380,000 in the upcoming fiscal year, but we believe this important […]

Tuesday May 25th, 2021 in Budget | Comments Off on College Park Reduces its Property Tax Rate

Council to Vote on New Budget, and Constant Yield Tax Rate

For the tax year beginning July 1, 2021, the estimated real property assessable base will increase by 3.8%, from $3,086,366,980 to $3,203,730,429. This means, the C City is going to have $381,431 in additional property tax revenues in the upcoming fiscal year FY 2022. The City intends to keep the tax rate at the current […]

Sunday May 9th, 2021 in Budget | Comments Off on Council to Vote on New Budget, and Constant Yield Tax Rate

FY21 County Budget Hearings – May 4 and 11, 2021

The County Budget Public Hearings will take place on Mary 4 and May 11 at 5:00 p.m. Review the proposed budget and learn more here: https://pgccouncil.us/454/Budget-Portal Register to speak on May 4 or 11 via the “eComment” links for those dates here.

Friday April 9th, 2021 in Announcements, Budget, County | Comments Off on FY21 County Budget Hearings – May 4 and 11, 2021

How to Watch Tomorrow’s Budget Worksession?

The City of College Park will hold a Budget Worksession tomorrow, Saturday, March 27, 2021 at 8:00 a.m. Click Here for the Budget Worksession agenda. Click Here to view the FY2022 City of College Park Proposed Operating Budget. To watch or participate in the meeting at 8:00 a.m., please CLICK HERE. Please note: participants will be muted during the […]

Friday March 26th, 2021 in Announcements, Budget | Comments Off on How to Watch Tomorrow’s Budget Worksession?

Thank you for Joining FY22 Budget Town Hall

Thank you all who joined yesterday’s budget town hall by District 1 and 4 Council members. We had a robust conversation on quite a few topics of the proposed new budget. We’ll continue to gather your questions on the budget and hope to discuss them next Saturday’s budget worksession. You can watch the video and […]

Sunday March 21st, 2021 in Budget | Comments Off on Thank you for Joining FY22 Budget Town Hall

This Weekend’s Budget Town Hall – An Opportunity to Tell Your Elected Officials about Your Tax Dollars

Do you know College Park’s budget document puts “Residents of College Park” on top of the Mayor and Council? It’s the duty of the Mayor and Council to listen to the residents who elect them and be a good steward of their precious tax dollars. This Saturday, at 4 p.m., please join District 1 and […]

Thursday March 18th, 2021 in Announcements, Budget | Comments Off on This Weekend’s Budget Town Hall – An Opportunity to Tell Your Elected Officials about Your Tax Dollars