Worcester County Commissioners approved their fiscal 2014 budget this week maintaining tax rates and providing a 2% cost of living adjustments for employees. From the county press release:
June 4, the Worcester County Commissioners approved the FY 2013/2014 Operating Budget of $168,643,654 in appropriations for the coming fiscal year. This reflects an increase of $2,739,398 or 1.7% more than the FY13 budget due to an increase in anticipated revenues.
As promised, the Commissioners did not increase the tax rate and will maintain the existing real property tax rate of 77¢ per $100 of assessed value in fiscal year 2014, which begins July 1, 2013. Even at the rate of $.77, Real Property Tax Revenue will be $5.7 million less than the current year due to continued decreasing assessment values.
The press release provides a summary of anticipated revenues and major expenditures.