The Anne Arundel County Council raised the county property tax rate Tuesday, as it passed a budget plan that includes a steep funding decrease to the county's community college and delays a new facility for one of its most academically successful high schools.
The council has been sharply divided during deliberations over the $1.2 billion spending plan for next fiscal year, discussing changes for more than 12 hours in one day last week. Members approved the rate increase — a hike of 3 cents per $100 of assessed value that was proposed by County Executive John R. Leopold — by a 4-3 vote.
With an eye toward long-term stability as the county continues to suffer the fiscal consequences of the recession, the council also moved to shore up its reserves. The plan directs about $5 million in budget savings to the rainy day fund and another $5 million to the county's contingency fund.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.