![]() Here, Pittman seeks to raise the rate from the current 2.81% to 3.2% - the highest allowed by state law. But it’s what Pittman proposes to do with the income tax that is most intriguing. The increase should be easy to swallow, given that it means the county will still have one of the lowest property tax rates in Maryland (Baltimore County is, by comparison, $1.10 and Baltimore City, more than twice that). In Anne Arundel County, the $2.14 billion general fund budget, outlined last week by County Executive Steuart Pittman, raises the property tax rate from 93.3 cents per $100 of assessed value to 98 cents. It’s all added up to a lot of hand-wringing, much tapping into budget surpluses and warnings that tougher choices lie in the years ahead.Īt least one subdivision has taken a proactive approach, and it deserves attention. Nor have supply chain problems and an apparent slowdown in real estate sales (along with the recordation tax revenue that comes with them). High inflation hasn’t made it any easier, particularly given the need to give public employees a cost-of-living increase. Without the safety net of federal American Rescue Plan funding made available during the peak COVID-19 years and, on the other side of the ledger, expanded K-12 public school costs mandated by the Blueprint for Maryland’s Future, some are finding their resources stretched thin. Across Maryland, local governments are putting together their Fiscal 2024 budgets, and a familiar pattern has emerged.
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