The Council will host a public hearing on proposed property tax rate increases and Ordinance 24-O-2 for FY2025 budgets and CIP. Introduced on April 23, 2024, Ordinance 24-O-02 integrates FY2025 budgets for various funds, reflecting changes from budget worksessions.

Proposed tax rate increases, advertised on April 25, 2024, include raising residential rates from 30.18 cents to 34.18 cents per $100 of assessment and commercial rates from 33.18 cents to 40 cents.

Following the public hearing, there will be a discussion about the proposed real estate property tax rates and how any proposed budget amendments will be handled to prepare for budget adoption scheduled for May 21, 2024, when the Council will formally approve the FY25 budget.

To view the proposed FY25 budget and previously adopted budgets, visit https://www.collegeparkmd.gov/172/City-Budget.

If you cannot speak at the public hearing, please send your comments on the budget to cpmc@collegeparkmd.gov by 5 pm today. You can also join the public hearing virtually at https://zoom.us/j/92398574069 at 7:30 pm this evening.